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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1199 |
Essay's paper body
The Council is responsible for taking decisions on monetary policy, interest rates and the reserves of the ESCB. It's also responsible in other matters, such as the authorisation of the issue of banknotes and in advising other institutions on draft legislation. It meets twice a month and meetings can only be attended by members and the Council President and Commission President...
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In voting each member has one vote (the Council and Commission presidents do not vote) and decisions are taken by a simple majority.[10][11][6] Governing Council members don't represent their countries, they represent the interest of the eurozone, in a similar manner as the Commissioners, who represent the interests of the EU and not their country of origin...
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General points of the essay
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What do you understand by Economic and Monetary Union? To what extent does membership of an Economic and Monetary Union constrain a country's use of monetary and fiscal policy
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