Committee on Economic and Monetary Affairs

From Wikipedia, the free encyclopedia

You have new messages (last change).

The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament.

[edit] External links

 This article about the European Union operations is a stub. You can help Wikipedia by expanding it.


Standing Committees of the European Parliament
Agriculture and Rural Development | Budgetary Control | Budgets | Civil Liberties, Justice and Home Affairs | Constitutional Affairs | Culture and Education | Development | Economic and Monetary Affairs | Employment and Social Affairs | Environment, Public Health and Food Safety | Fisheries | Foreign Affairs | Industry, Research and Energy | Internal Market and Consumer Protection | International Trade | Legal Affairs | Petitions | Regional Development | Transport and Tourism | Women's Rights and Gender Equality

Since Economic and Monetary Union (EMU), the most important function of this Committee (EMAC) has been in relation to the European Central Bank (ECB). Although guaranteed independence under the Treaty, the ECB is accountable for its actions to EMAC. Every three months, the President of the Bank, or occasionally his deputy, appears before the Committee to report on monetary policy, both actions taken, and future prospects. He then answers question from MEPs. These proceedings are televised; and a verbatim report appears immediately on both the Parliament and ECN websites.

Retrieved from "http://en.wikipedia.org../../../c/o/m/Committee_on_Economic_and_Monetary_Affairs_53be.html"