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European Union
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Commission President José Manuel Barroso Barroso Commission
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The Directorate-General for Economic and Financial Affairs (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.

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
  • Stability and Growth Pact (SGP) and fiscal surveillance
  • Annual « Public Finance Report »
  • Contribution of public finances to growth and employment
  • The consequences of ageing
• Economic policy coordination
  • BEPG (Broad Economic Policy Guidlines, 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 (IMF, WB, EBRD,...)
• Financing
  • Investment Financing
  • EIB
  • EIF
  • Funding Programmes for SMEs
  • Funding for Trans-European Networks
  • Euratom loans
  • Opinions and surveys on investments for the European Coal and Steel Community (ECSC)

• Commissioner: Joaquín Almunia
• Director General: Klaus Regling
• Deputy Director-General: Marco Buti

• Economic and Monetary Union of the European Union
• United Nations Monetary and Financial Conference (Bretton Woods)
• General Agreement on Tariffs and Trade (GATT)

• Homepage of the ECFIN

This article incorporates information from [1] on the European Union web site. According to its copyright policy, reproduction is authorised, provided the source is acknowledged.

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