The European Central Bank (ECB) is the institution The European Union is governed by seven institutions. Article 13 of Treaty on European Union lists them in the following order: the European Parliament, the European Council, the Council of the European Union (the Council); the European Commission, the Court of Justice of the European Union, the European Central Bank and the Court of Auditors of the European Union The European Union is an economic and political union of 27 member states, located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht on 1 November 1993 upon the foundations of the European Communities. With over 500 million citizens, the EU combined generates an estimated 30% share (US$ 18.4 (EU) tasked with administrating the monetary policy Monetary policy is the process a government, central bank, or monetary authority of a country uses to control the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest to attain a set of objectives oriented towards the growth and stability of the economy. Monetary theory provides insight into how to craft optimal of the 16 EU member states A Member State of the European Union is any one of the 27 sovereign states that have acceded to the European Union since its de facto inception in 1951 as the European Coal and Steel Community (ECSC). From an original membership of six states, there have been six successive enlargements, the largest occurring on 1 May 2004, when ten states joined taking part in the Eurozone The eurozone ( pronunciation ), officially the euro area, is an economic and monetary union (EMU) of 16 European Union (EU) member states which have adopted the euro currency as their sole legal tender. It currently consists of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal,. It is thus one of the world's most important central banks A central bank, reserve bank, or monetary authority is a banking institution granted the exclusive privilege to lend a government its currency. Like a normal commercial bank, a central bank charges interest on the loans made to borrowers, primarily the government of whichever country the bank exists for, and to other commercial banks, typically as. The bank was established by the Treaty of Amsterdam The Treaty of Amsterdam amending the Treaty of the European Union, the Treaties establishing the European Communities and certain related acts, commonly known as the Amsterdam Treaty, was signed on 2 October 1997, and entered into force on 1 May 1999; it made substantial changes to the Treaty on European Union, which had been signed at Maastricht in 1998, and is headquartered in Frankfurt Frankfurt am Main (German pronunciation: [ˈfʁaŋkfʊɐtʰ am ˈmaɪn] , English: /ˈfræŋkfərt/), commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2008 population of 670,000. The urban area had an estimated population of 2.26 million in 2001. The city is at the, Germany Germany (pronounced /ˈdʒɜrməni/ ), officially the Federal Republic of Germany (German: Bundesrepublik Deutschland, pronounced [ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant] ( listen)), is a country in Central Europe. It is bordered to the north by the North Sea, Denmark, and the Baltic Sea; to the east by Poland and the Czech Republic; to the south. The current President The President of the European Central Bank is the head of the European Central Bank , the institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union (EU) of the ECB is Jean-Claude Trichet Jean-Claude Trichet is a French civil servant who is the current president of the European Central Bank, a position he has held since 2003. He is also a member of the Board of Directors of the Bank for International Settlements. Trichet ranks 5th on Newsweek's list of the world's most powerful along with economic triumvirs Ben Bernanke (4th) and.
Contents |
Reuters
LISBON, Nov 12 (Reuters) - Portugal's government is considering to nominate European Central Bank governing council member Vitor Constancio for the post of ...
Portugal May Propose Constancio for ECB Vice President Wall Street Journal (blog)
ECB VP race hots up as Portugal enters running Forbes
all 11 news articles »
