The Directorate-General for Economic and Financial Affairs (DG ECFIN) is a

Directorate-General Within the European Union, Directorates-General are departments with specific zones of responsibility, the equivalent of ministries at a national level. Most are headed by a European Commissioner, responsible for the general direction of the Dir ...

of the

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 ...

. The DG ECFIN is located in

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...

, and

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

. Its main responsibility is to encourage the development of

Economic and Monetary Union An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic ...

both inside and outside the

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 de ...

, by advancing economic policy coordination, conducting economic surveillance and providing policy assessment and advice.

Policy areas

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 Convergence may refer to: Arts and media Literature *''Convergence'' (book series), edited by Ruth Nanda Anshen *Convergence (comics), "Convergence" (comics), two separate story lines published by DC Comics: **A four-part crossover storyline that ...

reports * Monitoring budgetary policy and public finances **

Stability and Growth Pact The Stability and Growth Pact (SGP) is an agreement, among all of the 27 member states of the European Union, to facilitate and maintain the stability of the Economic and Monetary Union (EMU). Based primarily on Articles 121 and 126 of the Tre ...

(SGP) and fiscal surveillance ** Annual « Public Finance Report » ** Contribution of public finances to economic growth and employment ** The consequences of ageing * 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 The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

: legal, practical and institutional aspects ** Legal and institutional issues of the

Euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

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 Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eig ...

** Western Balkan Countries, Mediterranean Countries, and development issues ** Macro-financial assistance to third countries ** Relations with international financial institutions (

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

EBRD The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially foc ...

,...) * Financing ** Investment Financing ** EIB ** EIF ** Funding Programmes for SMEs ** Funding for

Trans-European Networks The Trans-European Networks (TEN) were created by the European Union by Articles 154–156 of the Treaty of Rome (1957), with the stated goals of the creation of an internal market and the reinforcement of economic and social cohesion. To various ...

** Euratom loans ** Opinions and surveys on investments for the European Coal and Steel Community (ECSC)

External links

Homepage of ECFIN
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the European Union web site
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reproduction is authorised, provided the source is acknowledged.'' Economic and Financial Affairs {{EU-stub

Policy areas

See also

External links