Directorate-General_for_Economic_and_Financial_Affairs

Directorate-General for Economic and Financial Affairs

Directorate-General for Economic and Financial Affairs

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The Directorate-General for Economic and Financial Affairs (DG ECFIN) is a Directorate-General of the European Commission. The DG ECFIN is located in Brussels, Belgium, and Luxembourg. Its main responsibility is to encourage the development of Economic and Monetary Union both inside and outside the European Union, by advancing economic policy coordination, conducting economic surveillance and providing policy assessment and advice.

In 2020 it had 554 employees.[1]

Policy areas

The European Commission

The Directorate-General's policy areas include:

  • Economic surveillance (euro area and EU)
    • Monitoring of the economy of the euro area and of the EU
    • Key indicators
    • Economic forecasts (spring and autumn)
    • Business and consumer surveys
    • Annual Review on the EU economy
    • Convergence reports
  • Monitoring budgetary policy and public finances
  • Economic policy coordination
    • BEPG (Broad Economic Policy Guidelines, described as the EU's Stability and Growth Pact) (incl. Implementation report)
    • Structural reforms
    • Luxembourg, Cardiff and Cologne processes
    • Assessing the policy-mix in the euro area
  • The euro: legal, practical and institutional aspects
    • Legal and institutional issues of the euro
    • Euro coins
    • Update and maintenance of the Commission's euro web site
  • Financial markets and capital movement
    • Integration of EU financial markets
    • Freedom of capital movements
  • Economic relations with third countries
    • Accession countries: economic aspects of enlargement
    • G7 Countries
    • Russia
    • Western Balkan Countries, Mediterranean Countries, and development issues
    • Macro-financial assistance to third countries
    • Relations with international financial institutions (International Monetary Fund, World Bank, EBRD,...)
  • Financing

See also

References

  1. [1]
    "Number of staff by Directorate-General". Epthinktank. 2021-02-08. Retrieved 2023-05-02.
This article incorporates information from on the European Union web site. According to its copyright policy, reproduction is authorised, provided the source is acknowledged.


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