Institutions and partners
The euro area works closely with EU institutions and other partner organisations. The pages below give more information on them, as well as links to relevant news and information contained on their own websites.
Main Institutions |
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A European Union institution, the Council brings together government representatives of the individual member countries. It enacts legislation, usually together with the European Parliament. |
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The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. |
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The European Commission has the right to propose laws for adoption by the European Parliament and the Council of the EU. |
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The European Council is the European Union's stategy body, which sets its course and political priorities. |
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The European Parliament is one of the EU’s main law-making institutions, along with the Council of the European Union. |
Partners |
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European Investment Bank (EIB) The European Investment Bank is the European Union's bank. |
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European Stability Mechanism (ESM) / European Financial Stability Facility (EFSF) The European Stability Mechanism (ESM) provides financial assistance, under strict conditions, to euro area countries experiencing financial difficulties. In parallel with the ESM, the European Financial Stability Facility (EFSF) continues with the programmes that were started before the launch of the ESM. |
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International Monetary Fund (IMF) The International Monetary Fund (IMF) is a specialised agency of the United Nations with its own charter, governing structure and finances. |