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ECONOMIC AND FINANCIAL COMMITTEE

Statistics Directorate    
Definition:
The Economic and Financial Committee is a consultative Community body set up at the start of European Monetary Union (EMU) Stage Three, when the Monetary Committee was dissolved.

Context:
The Member States, the European Commission and the European Central Bank (ECB) each appoint no more than two members of the Committee. The two members appointed by the Member States are selected respectively from among senior officials from the national administrations and the national central banks.

Article 114 (2) of the Treaty contains a list of the tasks of the Economic and Financial Committee, which include reviewing the economic and financial situation of the Member States and of the Community.

Source Publication:
European Central Bank Annual Report, 2000, Glossary + europa.eu
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Hyperlink:
http://europa.eu/efc/

Statistical Theme: Methodological information (metadata)

Created on Tuesday, November 13, 2001

Last updated on Friday, June 14, 2013