European Central Bank (ECB)

What is the European Central Bank (ECB)?

The European Central Bank (ECB) is the central bank of the European Union. The main responsibilities of the ECB are:

  • Implement monetary policy for the Eurozone countries
  • Provide funding for European banks and governments
  • Maintain financial stability throughout Europe
  • Regulate the European banking industry

The head of the ECB, as of November 2011 is Mario Draghi.

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