European Parliament Committee on Economic and Monetary Affairs

The Committee on Economic and Monetary Affairs (ECON) is a standing committee of the European Parliament. It is responsible for economic and monetary policy, the functioning of Economic and Monetary Union, financial services and markets, the free movement of capital and payments, taxation, competition policy and the international monetary and financial system.

Responsibilities

The committee is responsible for the economic and monetary policies of the European Union and the functioning of Economic and Monetary Union. It also deals with the European monetary and financial system and relations with relevant institutions and international organisations.

Its remit includes:

economic governance and coordination of the economic policies of the member states; monetary policy and parliamentary scrutiny of the European Central Bank; the free movement of capital and payments, including cross-border payments and the Single Euro Payments Area; the international monetary and financial system; competition rules and state aid; tax provisions; the regulation and supervision of financial services, institutions and markets; financial reporting, auditing, accounting rules and corporate governance where these concern financial services; and relevant financial activities of the European Investment Bank as part of economic governance in the euro area.

The committee conducts regular monetary dialogues with the President of the European Central Bank and scrutinises commissioners, finance ministers and the heads of relevant EU agencies. In taxation matters, it is assisted by the Subcommittee on Tax Matters.

Chairs

The following table lists the chairs of the committee since 2004.

Name Political group Member state Took office Left office Pervenche Berès PES France 2004 2009 Sharon Bowles ALDE United Kingdom 2009 2014 Roberto Gualtieri S&D Italy 2014 2019 Irene Tinagli S&D Italy 2019 2024 Aurore Lalucq S&D France 2024 Incumbent

Members

10th Parliament, 2024–2029

The committee consists of 60 full members. Its current composition is shown below, with the chair and vice-chairs indicated in italics.

European People's Party Progressive Alliance of Socialists and Democrats European Conservatives and Reformists Renew Europe Luděk Niedermayer, Czechia, Vice-Chair Georgios Aftias, Greece Isabel Benjumea, Spain Stefan Berger, Germany Marco Falcone, Italy Markus Ferber, Germany Dirk Gotink, Netherlands Michalis Hatzipantelas, Cyprus Kinga Kollár, Hungary Fulvio Martusciello, Italy Siegfried Mureșan, Romania Fernando Navarrete Rojas, Spain Lídia Pereira, Portugal Sirpa Pietikäinen, Finland Paulius Saudargas, Lithuania Ralf Seekatz, Germany Aurore Lalucq, France, Chair Francisco Assis, Portugal Jonás Fernández, Spain Claire Fita, France Eero Heinäluoma, Finland Costas Mavrides, Cyprus Nikos Papandreou, Greece Evelyn Regner, Austria René Repasi, Germany Irene Tinagli, Italy Lara Wolters, Netherlands Marlena Maląg, Poland, Vice-Chair Stephen Nikola Bartulica, Croatia Giovanni Crosetto, Italy Denis Nesci, Italy Guillaume Peltier, France Johan Van Overtveldt, Belgium Roberts Zīle, Latvia Ľudovít Ódor, Slovakia, Vice-Chair Gilles Boyer, France Engin Eroglu, Germany Billy Kelleher, Ireland Anouk van Brug, Netherlands Stéphanie Yon-Courtin, France Patriots for Europe Greens–European Free Alliance The Left Europe of Sovereign Nations Mireia Borrás Pabón, Spain Enikő Győri, Hungary Jaroslav Knot, Czechia Tomáš Kubín, Czechia Pierre Pimpie, France Jaroslava Pokorná Jermanová, Czechia Auke Zijlstra, Netherlands Damian Boeselager, Germany, Vice-Chair Rasmus Andresen, Germany Ufuk Kâhya, Netherlands Marie Toussaint, France Gaetano Pedullà, Italy Jussi Saramo, Finland Martin Schirdewan, Germany Pasquale Tridico, Italy Siegbert Droese, Germany Rada Laykova, Bulgaria Non-Inscrits Sibylle Berg, Germany Fabio De Masi, Germany Friedrich Pürner, Germany

Substitute members

The committee's substitute members are listed below.

European People's Party Progressive Alliance of Socialists and Democrats European Conservatives and Reformists Renew Europe David Casa, Malta Regina Doherty, Ireland Herbert Dorfmann, Italy Michael Gahler, Germany Christophe Gomart, France Hanna Gronkiewicz-Waltz, Poland Martine Kemp, Luxembourg Arba Kokalari, Sweden Janusz Lewandowski, Poland Antonio López-Istúriz White, Spain Eva Maydell, Bulgaria Danuše Nerudová, Czechia Andreas Schwab, Germany Angelika Winzig, Austria Thomas Bajada, Malta Dragoș Benea, Romania Adnan Dibrani, Sweden Matthias Ecke, Germany Niels Fuglsang, Denmark Bruno Gonçalves, Portugal Camilla Laureti, Italy César Luena, Spain Tsvetelina Penkova, Bulgaria Carla Tavares, Portugal Bogdan Rzońca, Poland Marco Squarta, Italy Francesco Ventola, Italy Mariateresa Vivaldini, Italy Veronika Vrecionová, Czechia Pascal Canfin, France Gerben-Jan Gerbrandy, Netherlands Ivars Ijabs, Latvia Katri Kulmuni, Finland Morten Løkkegaard, Denmark Vlad Voiculescu, Romania Patriots for Europe Greens–European Free Alliance The Left Europe of Sovereign Nations Paolo Borchia, Italy Csaba Dömötör, Hungary Roman Haider, Austria Gerald Hauser, Austria Maria Ohisalo, Finland Kira Marie Peter-Hansen, Denmark Vladimir Prebilič, Slovenia Virginijus Sinkevičius, Lithuania Manon Aubry, France Marc Botenga, Belgium Martin Günther, Germany Catarina Martins, Portugal Alexander Jungbluth, Germany Volker Schnurrbusch, Germany Non-Inscrits Fernand Kartheiser, Luxembourg Lefteris Nikolaou-Alavanos, Greece Jan-Peter Warnke, Germany

Monetary dialogue

Since the establishment of Economic and Monetary Union, one of the committee's principal scrutiny functions has been its regular monetary dialogue with the European Central Bank. The President of the ECB normally appears before the committee four times a year to explain monetary-policy decisions and answer questions from members. The committee also considers appointments to the ECB's Executive Board and other senior posts in the European system of financial supervision.

Research support

The committee's work is supported by the research services of the European Parliament. These services provide studies, briefings and other analyses concerning economic governance, monetary policy, financial regulation, banking, capital markets, taxation and competition.

Publications prepared for the committee are made available through its online database of supporting analyses and through the European Parliament's Think Tank.

European Parliament Committee on Economic and Monetary Affairs

Bron en licentie