European Parliament Committee On Economic And Monetary Affairs
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European Parliament Committee On Economic And Monetary Affairs
The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system. Since the establishment of the Economic and Monetary Union (EMU), one of the most important function of this committee has been the oversight of the European Central Bank (ECB) through the "monetary dialogue". Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee. Every three months, the President of the ECB, or occasionally another member of the ECB's executive board, appears before the Committee to report on monetary policy and answer question from MEPs. These proceedings, usually called the "monetary dialogue", are webstreamed and a transcript is made available ...
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Committees Of The European Parliament
The committees of the European Parliament are designed to aid the European Commission in initiating legislation. Standing committees are made up of Members of the European Parliament (MEPs), who are directly elected to the seats in the European Parliament by the electorate. Each committee has a chairman and four vice-chairmen, along with numerous committee members. Each committee also has substitute members. Reports are usually compiled by a rapporteur, who is appointed by the chairman of the committee, selected from amongst the members or permanent substitutes. Appointment The established system for the appointment of committee chairs follows the D'Hondt method. Legislative reports In the process of proposing and drafting legislation, the European Commission will consult the various standing committees during the codecision procedure, and these committees will advise the commission by producing reports, proposing amendments to the draft legislation, and providing, if necessa ...
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Peter Simon (politician)
Peter Simon (born 4 April 1967) was Member of the European Parliament (MEP) representing Germany from 2009 until 2019. Personal background After studying law at the Ruprecht-Karls-University in Heidelberg Peter Simon started as a lawyer at the Legal Affairs Office of the City of Mannheim, where he managed legal proceedings on behalf of the city administration. In 1996 he became a personal and legal advisor to First Mayor Norbert Egger, where he developed structured EU funding applications, set up and headed the working group on the introduction of the euro and carried out coordination work within the city administration . From 1999 to 2007 he established and managed the European Affairs Office of the City of Mannheim and was responsible for submission of applications for and organisation of EU-funded projects, the implementation of EU rules in the area of administration and municipal holdings, the external representation of the city administration, e.g. in the Council of Eu ...
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European Sovereign-debt Crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF). The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency. Debt accumulation in some eurozone members was in part due t ...
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Edward Scicluna
Edward Scicluna (born October 12, 1946 in Rabat, Malta) is a Maltese economist and politician. Scicluna assumed the position of Governor of the Central Bank of Malta as from 1st January 2021 for a five-year term. Biography Education and private life Scicluna holds a Diploma in social studies from the Plater College, Oxford (1972) and degrees in economics from the University of Malta (BA, 1975) and the University of Toronto (MA, 1976, and PhD, 1982). Between 1981 and 1990 he was professor and head of the Department of Economics at the University of Malta where he still holds a lectureship post. Scicluna is married with two children. Professional career Scicluna has held a number of posts in the public and private sector. He served as Chairman of the Malta Council of Economic and Social Development (MCESD) (1999–2003) and of the Malta Financial Services Authority (MFSA) (1997–99), an Electoral Commissioner (1987–93), a Director of the Central Bank of Malta (1996–200 ...
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Theodor Dumitru Stolojan
Theodor Dumitru Stolojan (; born 24 October 1943) is a Romanian politician who was Prime Minister of Romania from September 1991 to November 1992. An economist by training, he was also one of the presidents of the National Liberal Party (PNL) before being the founding leader of the Liberal Democratic Party (PLD) and then the Democratic Liberal Party (PDL). He was a Member of the European Parliament for Romania, representing the Democratic Liberal Party (PDL) and then the National Liberal Party (PNL; both EPP-ED-affiliated). Career Before the Romanian Revolution he worked at the Committee for State Planning, together with Nicolae Văcăroiu, who was President of the Senate between 20 December 2000 and 14 October 2008. During the rule of Nicolae Ceauşescu he worked at the Ministry of Finances between 1972 and 1977 as an economist in the State Budget Department, then between 1978 and 1982 as Chief of Accountancy of State Budget and then as deputy director of the Department for Fo ...
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Arlene McCarthy
Arlene McCarthy OBE (born 10 October 1960, Belfast Belfast ( , ; from ga, Béal Feirste , meaning 'mouth of the sand-bank ford') is the capital and largest city of Northern Ireland, standing on the banks of the River Lagan on the east coast. It is the 12th-largest city in the United Kingdo ..., Northern Ireland) was a Member of the European Parliament for North West England (European Parliament constituency), North West England for the Labour Party (UK), Labour Party from 1994 European Parliament election in the United Kingdom, 1994 to 2014 European Parliament election in the United Kingdom, 2014. Career before politics McCarthy graduated from South Bank Polytechnic (now London South Bank University) in 1983 with Bachelor of Arts, BA (Hons) proceeding to attend the Free University of Berlin and then later attending the University of Manchester to conduct PhD studies. After completing studies McCarthy was employed as a lecturer in International Politics and Regional S ...
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José García-Margallo Y Marfil
José is a predominantly Spanish and Portuguese form of the given name Joseph. While spelled alike, this name is pronounced differently in each language: Spanish ; Portuguese (or ). In French, the name ''José'', pronounced , is an old vernacular form of Joseph, which is also in current usage as a given name. José is also commonly used as part of masculine name composites, such as José Manuel, José Maria or Antonio José, and also in female name composites like Maria José or Marie-José. The feminine written form is ''Josée'' as in French. In Netherlandic Dutch, however, ''José'' is a feminine given name and is pronounced ; it may occur as part of name composites like Marie-José or as a feminine first name in its own right; it can also be short for the name ''Josina'' and even a Dutch hypocorism of the name ''Johanna''. In England, Jose is originally a Romano-Celtic surname, and people with this family name can usually be found in, or traced to, the English county of C ...
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Sharon Bowles
Sharon Margaret Bowles, Baroness Bowles of Berkhamsted (born 12 June 1953 in Oxford) is a Liberal Democrats (UK), Liberal Democrat politician. She was a Member of the European Parliament (MEP) for the South East England (European Parliament constituency), South East England region of the United Kingdom from 2005 to 2014. She sat in the Alliance of Liberals and Democrats for Europe grouping. She was educated at the independent Our Lady's Abingdon, the University of Reading and Lady Margaret Hall, Oxford. Bowles has been described as the most influential Briton in the development of European Union policy, and also as one of the top ten most influential regulators in the European Union, and most influential woman. She was short-listed to be Governor of the Bank of England in 2012. On 15 August 2014 she became a non executive director of The London Stock Exchange Group plc and of its subsidiary The London Stock Exchange plc. She was nominated for a life peerage in the 2015 Diss ...
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Seventh European Parliament
The seventh European Parliament was elected in the 2009 elections and lasted until the 2014 elections. Major events * 4–7 June 2009 ** Elections to the Seventh Parliament. * 14 July 2009 ** First meeting (constitutive session) of the Seventh Parliament. ** Jerzy Buzek is elected as President of the European Parliament. ** Vice-presidents elections. * 17 January 2012 ** Martin Schulz is elected as President of the European Parliament. Activity Major resolutions and positions Committees Summary Temporary committees Committees of enquiry Delegations Political groups :''See membership below for details of size'' Members in groups by country Leadership Presidents Vice-Presidents Quaestors Membership After the 2009 election, the members formed seven groups with around 26 independent members, mainly from the far right which failed to unify into a political group. With the Treaty of Lisbon not in force in time for the elections, the national distrib ...
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Luděk Niedermayer
Luděk Niedermayer (born 13 March 1966) is a Czech politician and economist, serving as a Member of the European Parliament (MEP) for the Czech Republic since July 2014, representing TOP 09, part of the European People's Party. He also currently serves as Vice-Chair of the Committee on Economic and Monetary Affairs in the European Parliament. Prior to entering European politics Niedermayer was an economist, holding a number of public and private sector roles. Career before politics Niedermayer studied theoretical cybernetics, mathematical informatics and systems theory at Jan Evangelista Purkyně University (now Masaryk University), completing his education in 1989. From 1991 until 2008 he was employed at the Czech National Bank, serving in various roles including as a director, member of the Bank's board and as Vice‑Governor. From 2008 until his election in 2014 he was employed by Deloitte Czech Republic as a director. Niedermayer also held a number of senior roles within intern ...
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Kay Swinburne
Jacqueline Kay Swinburne (''née'' Jones) (born 8 June 1967) is a Welsh Conservative politician who was a Member of the European Parliament (MEP) for Wales between 2009 and 2019. Background Born and raised in West Wales and a fluent Welsh-speaker, Swinburne was educated at Llandysul Grammar School and went on to earn a degree in Biochemistry and Microbiology and a PhD in medical research from King's College London, and an MBA from the University of Surrey, before starting a career in international healthcare and investment banking. Swinburne first came to national attention in 1999 when she resigned from Deutsche Bank after being a victim of sexual discrimination. Early Political career She spent six years (29 May 2003 – 24 March 2009 as a Town Councillor for Ledbury Parish Council and was elected mayor in 2006. Later in 2006, she also stood to be a Conservative Councillor on Herefordshire County Council and was duly appointed, serving as Chair of the Health Scrutiny committe ...
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Roberto Gualtieri
Roberto Gualtieri (born 19 July 1966) is an Italian historian, academic and politician of the Democratic Party (Italy), Democratic Party (PD), incumbent Mayor of Rome since 2021 Rome municipal election, 2021 and Italian Minister of Economy and Finances, Minister of Economy and Finances in the second government of Giuseppe Conte from 2019 until 2021. He previously was a Member of the European Parliament from 2009 to 2019, where he chaired the influential European Parliament Committee on Economic and Monetary Affairs, Economic and Monetary Affairs Committee within the Parliament from 2014 until 2019. Early life and career Gualtieri was born in Rome in 1966. In 1992 he graduated in Literature and Philology at Sapienza University of Rome. In 1997, he obtained a Ph.D in history at the Scuola Superiore di Studi Storici di San Marino. Gualtieri later became professor of Contemporary history at Sapienza University of Rome, where he had authored several books and articles on twentieth ce ...
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