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Eurogroup Working Group
Eurogroup Working Group (EWG) is an advisory body to the Eurogroup of the European Union. It is composed of representatives of the euro area member states of the Economic and Financial Committee (EFC), the European Commission and the European Central Bank. The President of the Eurogroup Working Group is Tuomas Saarenheimo, who entered the job in April 2020 and is also the President of the EFC. Previously, the posts had been held by Hans Vijlbrief and Thomas Wieser.Jim Brunsden and Mehreen Khan (December 14, 2017)Dutchman set to become new head of Eurogroup Working Group''Financial Times''. Formally the Eurogroup Working Group is a formation or a sub-group of the EFC. Gradually, the EWG "became a key venue for policy debates, reflecting the rise of the Eurogroup as the leading coordination forum of the euro area". References External links *http://www.consilium.europa.eu/en/council-eu/eurogroup/eurogroup-working-group/ *http://www.consilium.europa.eu/en/council-eu/eurogroup/how-t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurogroup
The Eurogroup is the recognised collective term for the informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency. The group has 19 members. It exercises political control over the currency and related aspects of the EU's monetary union such as the Stability and Growth Pact. The current President of the Eurogroup is Paschal Donohoe, the Minister for Finance of Ireland. The ministers meet ''in camera'' a day before a meeting of the Economic and Financial Affairs Council (ECOFIN) of the Council of the European Union. They communicate their decisions via press and document releases. The group is related to the Council of the European Union (only Eurogroup member states vote on issues relating to the euro in the ECOFIN) and was formalised under the Treaty of Lisbon. History The Eurogroup, formerly known as the ''Euro-X'' and ''Euro-XI'' in relation to the number of states ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a ''sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Financial Committee (European Union)
The Economic and Financial Committee (EFC) is a European Union advisory body, defined by the article 134 of the Treaty on the Functioning of the European Union. Its president is also the president of the Eurogroup Working Group, which prepares dossiers for approval by the Eurogroup, whose decisions are generally ratified by ECOFIN. History Prior the third stage of the Economic and Monetary Union (EMU) which began on 1 January 1999, the Economic and Financial Committee was preceded by the Monetary Committee, which was established by article 105 of the Treaty of Rome in 1957. In May, as part of the European Semester 2016 Spring Package, the committee was tasked with making Article 126(3) reports on Belgium, Finland and Italy's government debt. Agenda and composition of the EFC The EFC is an advisory body, set up to promote coordination of member states' policies necessary for the functioning of the internal market. The EFC: *provides opinions at the request of the Council ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks. The ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central banks. The ECB has the exclusive right to authorise the issuance of euro banknotes. EU member states can issue their langu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuomas Saarenheimo
Tuomas Saarenheimo (born 1964) is a Finnish civil servant, who currently serves as the President of the Eurogroup Working Group. Education and career Saarenheimo graduated from the University of Helsinki in 1989 and continued studying afterwards, receiving his doctorate in economics in 1994. He has also worked as a researcher at the university. Saarenheimo filled several positions at the Bank of Finland. His last post was as Chief Adviser and Head of the Monetary and Research Policy Department. Besides, he has served as the Executive Director for Nordic and Baltic countries at the International Monetary Fund and as National Expert at the European Commission. Saarenheimo became the Permanent Under-Secretary for International and Financial Market Affairs at the Ministry of Finance in September 2013. Because of this position, he was granted membership of the Eurogroup Working Group, an advisory body that prepares the monthly meetings of the Eurogroup. He also became a member of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Council
The European Council (informally EUCO) is a collegiate body that defines the overall political direction and priorities of the European Union. It is composed of the heads of state or government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government ... of the Member state of the European Union, EU member states, the President of the European Council, and the President of the European Commission. The High Representative of the Union for Foreign Affairs and Security Policy also takes part in its meetings. Established as an informal summit in 1975, the European Council was formalised as an institution in 2009 upon the Coming into force, commencement of the Treaty of Lisbon. Its current president is Charles Michel, former Prime Minister of Belgium. Scope While the European Council has n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hans Vijlbrief
Johannes Alexander "Hans" Vijlbrief (born 17 August 1963) is a Dutch civil servant, economist, and politician, who currently serves as State Secretary for the Extractive Industries. He is a member of the social-liberal party Democrats 66 (D66). Vijlbrief started his career at the Ministry of Economic Affairs, after earning his doctorate at the Vrije Universiteit Amsterdam in 1992. Subsequently, he worked at the Bureau for Economic Policy Analysis (CPB) before returning to Economic Affairs, where he filled several positions as director and director-general. Vijlbrief was appointed Treasurer-General of the Ministry of Finance in 2011, and occupied that post until he became president of the advisory body Eurogroup Working Group six and a half years later. He had been a member of that group while serving as Treasurer-General, assisting Eurogroup President Jeroen Dijsselbloem. Just after he had been re-elected at the working group, Vijlbrief was appointed State Secretary for Financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Wieser
Thomas Wieser (born 1954) is an American-Austrian economist working for the European Union. He was the president of Economic and Financial Committee (EFC) of the EU as well as the president of the Eurogroup Working Group (EWG), both advisory bodies of the Eurogroup, until February 2018. Political career Between 2005 and 2009, Wieser chaired the OECD Committee on Financial Markets. Wieser became Vice-President of Economic and Financial Committee of the European Union (EFC) in November 2005. He went on to serve his first term as the President of the committee from March 2009 to March 2011. Prior to October 2011, Wieser was Director General for Economic Policy and Financial Markets in the Ministry of Finance, Austria. In October 2011, Wieser became the full time president of the Eurogroup Working Group (EWG), an advisory body to the Eurogroup. In January 2012, Wieser started his second term as the president of the EFC of the European Union, he retain presidency of the EWG. Expla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a "Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurozone
The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 19 eurozone members are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The eight non-eurozone members of the EU are Bulgaria, Czech Republic, Croatia, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, albeit all but Denmark are obliged to join once they meet the euro convergence criteria. Croatia will become the 20th member on 1 January 2023. Among non-EU member states, Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency and issue their own coins. In addition, Kosovo and Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxford University Press
Oxford University Press (OUP) is the university press of the University of Oxford. It is the largest university press in the world, and its printing history dates back to the 1480s. Having been officially granted the legal right to print books by decree in 1586, it is the second oldest university press after Cambridge University Press. It is a department of the University of Oxford and is governed by a group of 15 academics known as the Delegates of the Press, who are appointed by the vice-chancellor of the University of Oxford. The Delegates of the Press are led by the Secretary to the Delegates, who serves as OUP's chief executive and as its major representative on other university bodies. Oxford University Press has had a similar governance structure since the 17th century. The press is located on Walton Street, Oxford, opposite Somerville College, in the inner suburb of Jericho. For the last 500 years, OUP has primarily focused on the publication of pedagogical texts a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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