English Wikipedia - The Free Encycl...
Download this dictionary
European Central Bank
The
European Central Bank
(
ECB
) is the
central bank
for the
euro
and administers
monetary policy
of the
Eurozone
, which consists of 19
EU member states
and is one of the largest currency areas in the world. It is one of the world's most important central banks and is one of the seven
institutions of the European Union
(EU) listed in the
Treaty on European Union
(TEU). The capital stock of the bank is owned by the central banks of all 28 EU member states. The
Treaty of Amsterdam
established the bank in 1998, and it is headquartered in
Frankfurt
, Germany. the
President
of the ECB is
Mario Draghi
, former governor of the
Bank of Italy
, former member of the
World Bank
, and former managing director of the
Goldman Sachs
international division (2002–2005). The bank primarily occupied the
Eurotower
prior to, and during, the construction of the
new headquarters
.
See more at Wikipedia.org...
© This article uses material from
Wikipedia
®
and is licensed under the
GNU Free Documentation License
and under the
Creative Commons Attribution-ShareAlike License