Committee on economic and monetary affairs

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

Since Economic and Monetary Union (EMU), the most important function of this committee has been in relation to the European Central Bank (ECB). Although guaranteed independence under the Treaty, the ECB is accountable for its actions to ECON. Every three months, the President of the ECB, 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; a verbatim report appears immediately on both the Parliament and ECN websites.

7th legislature


Name Position
Sharon Bowles Chair
José Manuel García-Margallo y Marfil Vice-chair
Arlene McCarthy Vice-chair
Theodor Dumitru Stolojan Vice-chair
Edward Scicluna Vice-chair

See also

  • List of acronyms: European sovereign-debt crisis

External links

  • Official Homepage
  • Appointment of ECON Committee Chair and Vice-chairs in 2009
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