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Last seen on: Daily Celebrity Crossword – 5/11/19 Smartypants Saturday
Random information on the term “Econ”:
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, 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; both actions taken, and future prospects. He then answers question from MEPs. These proceedings, usually called the “monetary dialogue”, are webstreamed and a verbatim report appears immediately on both the Parliament and ECB websites.