So, it meets informally. It discusses questions. The Commission takes part. (How? With what authority? With how many votes?) The ECB is invited. It does not have a vote.
The president of the no-name committee has a name no one can pronounce unless he is Dutch, Jeroen Dijsselbloem.
Yet this no-name Committee promised Cyprus banks $13 billion worth of euros over the weekend, on its own authority, and answerable to no one in any European parliament, including the European Union.