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European Commissioner For Financial Stability, Financial Services And The Capital Markets Union
The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union is the member of the European Commission responsible for banking and finance. The current officeholder is Mairead McGuinness. Responsibilities The post is responsible for the ensuring that financial markets are properly regulated and supervised so that they are stable, competitive and transparent, at the service of jobs and growth. This includes the full implementation of the Banking Union. They are also responsible for establishing a Capital Markets Union by 2019 for all 28 Member States of the EU, and maximising the benefits of capital markets and non-bank financial institutions for the rest of the economy, and in particular SMEs. In addition, the post is responsible for proposing measures to make financial services work better for consumers and retail investors, and promoting global consistency in regulation and the implementation of agreed standards and principles in cooperati ...
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Mairead McGuinness
Mairead McGuinness (born 13 June 1959) is an Irish politician serving as the European Commissioner for Financial Stability, Financial Services and the Capital Markets Union since October 2020. A member of Fine Gael, she previously served as First Vice-President of the European Parliament from 2017 to 2020. She served as a Member of the European Parliament (MEP) for East from 2004 to 2014 and for Midlands–North-West from 2014 to 2020, making her Ireland's longest serving MEP. In the European Parliament, she sat with the European People's Party (EPP). Education and media career McGuinness was the first female graduate of University College Dublin's Bachelor of Science degree in Agricultural economics in 1980. In 1984, she completed a diploma in accounting and finance and followed a career in the media before entering politics in 2004. She worked as a researcher on '' The Late Late Show'', as a presenter on RTÉ's '' Ear to the Ground'' and '' Celebrity Farm'', a journalist ...
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Barroso Commission
The Barroso Commission was the European Commission in office from 22 November 2004 until 31 October 2014. Its president was José Manuel Barroso, who presided over 27 other commissioners (one from each of the states composing the European Union, aside from Portugal, which is Barroso's state). On 16 September 2009 Barroso was re-elected by the European Parliament for a further five years and his Commission was approved to take office on 9 February 2010. Barroso was at first seen as the lowest common denominator by outside commentators, but his proposed team of Commissioners earned him some respect before triggering a crisis when the European Parliament objected to some of them, forcing a reshuffle. In 2007 the Commission gained two new members when Romania and Bulgaria joined the European Union. Barroso's handling of his office was markedly more presidential than his predecessors. During his term the Commission passed major legislation including the REACH and 'Bolkestein' Dire ...
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Portfolios In The European Commission
Portfolio may refer to: Objects * Portfolio (briefcase), a type of briefcase Collections * Portfolio (finance), a collection of assets held by an institution or a private individual * Artist's portfolio, a sample of an artist's work or a case used to display artwork, photographs etc. * Career portfolio, an organized presentation of an individual's education, work samples, and skills * Electronic portfolio, a collection of electronic documents * IT portfolio, in IT portfolio management, the portfolio of large classes of items of enterprise Information Technology * Patent portfolio, a collection of patents owned by a single entity * Project portfolio, in project portfolio management, the portfolio of projects in an organization * Ministry (government department), the post and responsibilities of a head of a government department Computing * Atari Portfolio, a palmtop computer * Extensis Portfolio, a digital asset manager Media * ''The Portfolio'', a British fine arts ...
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Directorate-General For Economic And Financial Affairs (European Commission)
The Directorate-General for Economic and Financial Affairs (DG 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. 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 reports * Monitoring budgetary policy and public finances ** Stability and Growth Pact (SGP) and fiscal surveillance ** Annual « Public Finance Report » ** Contribution of public finances to economic growth and employment ** The cons ...
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European Court Of Auditors
The European Court of Auditors (ECA; French: ''Cour des comptes européenne'') is one of the seven institutions of the European Union (EU). It was established in 1975 in Luxembourg in order to improve EU financial management. It has 27 members (1 from each EU member-state) supported by approximately 800 civil servants. History The ECA was created by the 1975 Budgetary Treaty and was formally established on 18 October 1977, holding its first session a week later. At that time the ECA was not a formal institution; it was an external body designed to audit the finances of the European Communities. It replaced two separate audit bodies, one which dealt with the finances of the European Economic Community and Euratom, and one which dealt with the European Coal and Steel Community. The ECA did not have a defined legal status until the Treaty of Maastricht when it was made the fifth institution, the first new institution since the founding of the Community. By becoming an insti ...
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OLAF
Olaf or Olav (, , or British ; Old Norse: ''Áleifr'', ''Ólafr'', ''Óleifr'', ''Anleifr'') is a Scandinavian and German given name. It is presumably of Proto-Norse origin, reconstructed as ''*Anu-laibaz'', from ''anu'' "ancestor, grand-father" and ''laibaz'' "heirloom, descendant". Old English forms are attested as ''Ǣlāf'', ''Anlāf''. The corresponding Old Novgorod dialect form is ''Uleb''. A later English form of the name is ''Olave''. In the Norwegian language, ''Olav'' and ''Olaf'' are equally common, but Olav is traditionally used when referring to Norwegian royalty. The Swedish form is ''Olov'' or ''Olof'', and the Danish form is ''Oluf''. It was borrowed into Old Irish and Scots with the spellings ''Amlaíb'' and ''Amhlaoibh'', giving rise to modern version ''Aulay''. The name is Latinized as ''Olaus''. Notable people North Germanic ;Denmark *Olaf I of Denmark, king 1086–1095 * Olaf II of Denmark, also Olaf IV of Norway *Oluf Haraldsen (died c. 1143), Danish ...
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European Union Budget
European, or Europeans, or Europeneans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe and other Western countries * ''European'', an adjective referring to something of, from, or related to the European Union ** Citizenship of the European Union ** Demographics of the European Union In publishing * ''The European'' (1953 magazine), a far-right cultural and political magazine published 1953–1959 * ''The European'' (newspaper), a British weekly newspaper published 1990–1998 * ''The European'' (2009 magazine), a German magazine first published in September 2009 *''The European Magazine'', a magazine published in London 1782–1826 *''The New European'', a British weekly pop-up newspaper first published in July 2016 Other uses * * Europeans (band), a British post-punk group, from Bristol See also * * * Europe (disambi ...
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European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ...
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Eurozone
The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 19 eurozone members are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The eight non-eurozone members of the EU are Bulgaria, Czech Republic, Croatia, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, albeit all but Denmark are obliged to join once they meet the euro convergence criteria. Croatia will become the 20th member on 1 January 2023. Among non-EU member states, Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency and issue their own coins. In addition, Kosovo and Montenegro h ...
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Economy Of The European Union
The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power parity (PPP) terms, after China and the United States. The European Union's GDP estimated to be around $16.6 trillion (nominal) in 2022 representing around one sixth of the global economy. The euro is the second largest reserve currency and the second most traded currency in the world after the United States dollar. The euro is used by 19 of its members, overall, it is the official currency in 25 countries, in the eurozone and in six other European countries, officially or de facto. The European Union economy consists of an internal market of mixed economies based on free market and advanced social models. For instance, it includes an internal single market with free movement of goods, services, capital, and labor. The GDP per capita ...
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Von Der Leyen Commission
The von der Leyen Commission is the current European Commission, in office since 1 December 2019 and is to last until the 2024 elections. It has Ursula von der Leyen as its president and it further consists of one commissioner from each of the member states of the European Union (other than the President’s state, Germany). The Commission was scheduled to take office on 1 November 2019; however, the French, Hungarian and Romanian commissioner-candidates lost their confirmation votes by the European Parliament in early October 2019, so new commissioners had to be selected from those three member states by the President-elect and subsequently confirmed by the Parliament. This process took place in November 2019 and the Commission eventually took office in its entirety on 1 December 2019. Election and formation Von der Leyen, a member of the European People's Party (EPP), was selected and proposed to the European Parliament by the European Council on 3 July 2019 following three ...
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Valdis Dombrovskis
Valdis Dombrovskis (born 5 August 1971) is a Latvian politician serving as Executive Vice President of the European Commission for An Economy that Works for People since 2019 and European Commissioner for Trade since 2020. He previously served as European Commissioner for Financial Stability, Financial Services and Capital Markets Union from 2016 to 2020 and Prime Minister of Latvia from 2009 to 2014. Dombrovskis served as Minister for Finance of Latvia from 2002 to 2004. He then served as a Member of the European Parliament (MEP) for the New Era Party from 2004 to 2009. He became the Prime Minister of Latvia 2009, serving until his resignation in 2014. He was Vice-President of the European Commission for the Euro and Social Dialogue from 2014 to 2019. Following the resignation of Lord Jonathan Hill, Dombrovskis served as European Commissioner for Financial Stability, Financial Services and the Capital Markets Union from 2016 to 2020. Following the resignation of Phil Hogan, ...
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