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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 on both the Parliament and ECB websites.

The European Parliament's ECON Committee also plays an advisory role in the appointments of the President and board members of the ECB.

PositionNamePolitical groupCountry
ChairAurore LalucqS&DFrance
Vice-chairDamian BoeselagerGreens/ALEGermany
Vice-chairĽudovít ÓdorRESlovakia
Vice-chairLuděk NiedermayerEPPCzechia
Vice-chairMarlena MalągECRPoland
PositionNamePolitical GroupCountry
ChairIrene TinagliS&DItaly
1st Vice-chairLuděk NiedermayerEPPCzech Republic
Vice-chairStéphanie Yon-CourtinRenew EuropeFrance
Vice-chairDerk Jan EppinkECRNetherlands
Vice-chairJosé GusmãoGUE/NGLPortugal
PositionNamePolitical GroupCountry
ChairRoberto GualtieriS&DItaly
Vice-chairBrian HayesEPPIreland
Vice-chairPeter SimonS&DGermany
Vice-chairKay SwinburneECRUnited Kingdom
Vice-chairLuděk NiedermayerEPPCzech Republic
NamePosition
Sharon BowlesChair
José Manuel García-Margallo y MarfilVice-chair
Arlene McCarthyVice-chair
Theodor Dumitru StolojanVice-chair
Edward SciclunaVice-chair
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