The constitutive meetings of the European Parliament's standing committees and subcommittees take place in Brussels on 10 July 2019, following the appointment of their members in the plenary sitting of 3-4 July. During the meetings, each committee and subcommittee will elect its respective bureau, made up of a Chair and Vice-Chairs, for a two-and-a-half year mandate. The newly set up committees will then start holding their regular meetings during the week of 22 July.

ECON - Committee on Economic and Monetary Affairs

The President of the European Central Bank (ECB) takes part four times a year in a monetary dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON) to report on monetary policy and answer question from MEPs.&nbsp;Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee.

The European Central Bank is the central institution of the Economic and Monetary Union and has been responsible for conducting monetary policy for the euro area since 1 January 1999 The ECB and the national central banks of all EU Member States constitute the European System of Central Banks.

Monetary dialogue

Paolo Gentiloni, born on 22 November 1954 in Rome, is an Italian politician.

After the hearing by the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, the committee prepares an evaluation letter on the candidate. Parliament is expected to vote on the new Commission as a whole on 23 October.

Hearing of Paolo GENTILONI, Commissioner-designate, Economy

Margrethe Vestager, born in 13 April 1968 in Glostrup, is a Danish politician.

After the hearing by the Committee on Industry, Research and Energy (ITRE), the Committee on Internal Market and Consumer Protection (IMCO), and the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, the committees prepare an evaluation letter on the candidate. Parliament is expected to vote on the new Commission as a whole on 23 October.

Hearing of Margrethe VESTAGER, Executive Vice-President-designate, A Europe

Valdis Dombrovskis, born on 5 August 1971 in Riga, is a Latvian politician. He was a Member of the European Parliament from 2004 to 2009. Dombrovskis is Executive Vice-President-Commissioner designate for&nbsp;An Economy that Works for People

After the hearing by the Committee on Economic and Monetary Affairs (ECON) and the Committee on Employment and Social Affairs (EMPL) of the European Parliament, the committees prepare an evaluation letter on the candidate. Parliament is expected to vote on the new Commission as a whole on 23 October.

Hearing of Valdis DOMBROVSKIS, Executive Vice-President-designate

After a series of special committees and a committee of inquiry, created to delve into the various tax leaks and scandals of recent years, Parliament established a more permanent setup to shed light on the matter.

The Economic and Monetary Affairs (ECON) subcommittee on tax matters, FISC, will be composed of 30 members. It will deal particularly with the fight against tax fraud, tax evasion and tax avoidance, as well as financial transparency for taxation purposes.

The constituent meeting will take place on Wednesday, 23 September 2020.

FISC - Subcommittee on Tax Matters

The President is appointed by the European Council, while the European Parliament and the Bank’s Governing Council are consulted.

Prior to the vote, the candidate will receive a series of questions for written answer, and be invited to a hearing before the Economic and Monetary Affairs Committee (ECON). The ECB President is a key figure within the Eurosystem when setting monetary policy for the euro area.

The Presidents were Alexandre Lamfalussy (1994-1997), founding president of the EMI, forerunner of the ECB, Wim Duisenberg (1998-2004), Jean-Claude Trichet (2004-2011) and Mario Draghi (2011-)

Appointment of the President of the ECB

The European Parliamentary Week (EPW) brings together Parliamentarians from all over the European Union to discuss economic, budgetary and social matters.

The European Parliamentary Week has been held since 2015. In line with the established practice, the European Parliamentary Week consists of the European Semester Conference and the Interparliamentary Conference on Stability, Economic Coordination and Governance in the European Union. This event also includes three interparliamentary committee meetings organised by the European Parliament’s Committees on Economic and Monetary Affairs (ECON), on Employment and Social Affairs (EMPL) and on Budgets (BUDG).

European Parliamentary Week

Mairead McGuinness, born 13 June 1959, from Ireland, was elected First Vice-President of the European Parliament in January 2017 and was re-elected to the post in July 2019. She has been a Vice-President of the Parliament since July 2014.

This new hearing came shortly after Commissioner Phil Hogan has submitted his resignation on 26 August 2020.

Mrs McGuinness is heard by the Economic and Monetary Affairs Committee (ECON) where MEPs evaluate if she is suitable to become a member of the College of Commissioners and if she is qualified to carry out the particular duties assigned to her.

Hearing of Mairead MCGUINNESS, Commissioner-designate in charge of financia

Economic Dialogues are held in order to enhance the dialogue between the EU institutions on the application of economic governance rules and with Member States, if appropriate, to ensure greater transparency and accountability.

Representatives of Member States, the European Commission, the President of the Council, the President of the European Council and the President of the Eurogroup can be invited to discuss economic and policy issues before the competent Committee of the European Parliament.

The European Semester is the framework for integrated surveillance and coordination of economic and employment policies across the EU. Since its introduction in 2011, it has become a well-established forum for discussing EU countries’ fiscal, economic and employment policy challenges under a common annual timeline. It's being adapted to take into account the creation of the Recovery and Resilience Facility. The implementation of Member States’ recovery and resilience plans will drive their reform and investment agenda for the years ahead. The European Semester, with its broader scope and multilateral surveillance, will usefully complement the implementation of the recovery and resilience plans.

During the last economic dialogue, on 7 February 2022, Valdis Dombrovskis, Executive Vice-President for An Economy that Works for People, and Paolo Gentiloni, Commissioner for Economy, debated with Members from the Committee on Economic and Monetary Affairs ECON the fiscal part of the Autumn Package of the 2022 European Semester and in particular overall assessment of the 2022 draft budgetary plans and policy guidance on the appropriate fiscal stance.

Economic Dialogue

ECON - Exchange of views with Margrethe Vestager, Executive Vice-President and Commissioner for Competition on State Aid: EU’s reaction to the US Inflation Reduction Act (IRA)

Committee on Economic and Monetary Affairs

Plenary session

Committee on Economic and Monetary Affairs - Monetary Dialogue Preparatory Meeting

BUDG - ECON

LIBE - ECON

ECON - EGOV

This Monetary Dialogue takes place in a still challenging environment, marked by uncertainty and inflationary pressures. While headline inflation has declined (to 7% in April) mostly due to the ongoing fall of energy prices, core inflation remains high and persistent, mostly driven by the rise in food and services prices. Since the last Monetary Dialogue in March, the ECB's Governing Council has continued on its monetary policy tightening path. The two specific topics of discussion as chosen by ECON (Committee on Economic and Monetary Affairs) for this Dialogue are: 1) Interaction between price stability and financial stability; and 2) The effects of high inflation and monetary tightening on the real economy. Questions &amp; answers (part 3)

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: Questions &amp; answers (part 3)

This Monetary Dialogue takes place in a still challenging environment, marked by uncertainty and inflationary pressures. While headline inflation has declined (to 7% in April) mostly due to the ongoing fall of energy prices, core inflation remains high and persistent, mostly driven by the rise in food and services prices. Since the last Monetary Dialogue in March, the ECB's Governing Council has continued on its monetary policy tightening path. The two specific topics of discussion as chosen by ECON (Committee on Economic and Monetary Affairs) for this Dialogue are: 1) Interaction between price stability and financial stability; and 2) The effects of high inflation and monetary tightening on the real economy. Questions &amp; answers (part 2)

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: Questions &amp; answers (part 2)

This Monetary Dialogue takes place in a still challenging environment, marked by uncertainty and inflationary pressures. While headline inflation has declined (to 7% in April) mostly due to the ongoing fall of energy prices, core inflation remains high and persistent, mostly driven by the rise in food and services prices. Since the last Monetary Dialogue in March, the ECB's Governing Council has continued on its monetary policy tightening path. The two specific topics of discussion as chosen by ECON (Committee on Economic and Monetary Affairs) for this Dialogue are: the interaction between price stability and financial stability; and the effects of high inflation and monetary tightening on the real economy. Extracts from the dialogue.

Monetary Dialogue with Christine LAGARDE, President of the European Central Bank: extracts

This Monetary Dialogue takes place in a still challenging environment, marked by uncertainty and inflationary pressures. While headline inflation has declined (to 7% in April) mostly due to the ongoing fall of energy prices, core inflation remains high and persistent, mostly driven by the rise in food and services prices. Since the last Monetary Dialogue in March, the ECB's Governing Council has continued on its monetary policy tightening path. The two specific topics of discussion as chosen by ECON (Committee on Economic and Monetary Affairs) for this Dialogue are: the interaction between price stability and financial stability; and The effects of high inflation and monetary tightening on the real economy. Opening statements by Irene TINAGLI (S&amp;D, IT), Chair of the ECON Committee and by Christine LAGARDE, President of the European Central Bank. This transcription is a result of an automatic process. Please check against delivery.

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: introduction by Irene TINAGLI (S&amp;D, IT), Chair of the ECON Committee and by Christine LAGARDE, President of the ECB

Ahead of the Monetary dialogue at the European Parliament in Brussels, Roberta METSOLA, EP President, meets with Christine LAGARDE, President of the European Central Bank (ECB) for an exchange of views. The footage shows images of the arrival, welcome and signature between the two presidents. Roberta METSOLA ( EP President), Christine LAGARDE (ECB President), in the presence of ECON Chair Irene TIGNALI, signed and exchanged letters endorsing the agreed working arrangements found between the ECON Committee and the European Central Bank.The agreement - adopted in plenary last week - aims to increase transparency and accountability of the European Central Bank vis-à-vis the Parliament.

Roberta METSOLA, EP President, meets with Christine LAGARDE, President of the European Central Bank (ECB): arrival, welcome

To provide legal certainty to business and citizens, the Commission has proposed a directive laying down rules on corporate due diligence obligations. According to the new rules, companies will be required to prevent, end or mitigate the negative impact that their activities have on human rights and the environment, such as on child labour, slavery, pollution or biodiversity loss. Opening statements by Lara WOLTERS (S&amp;D, NL), Rapporteur; Raphaël GLUCKSMANN (S&amp;D, FR), AFET; Barry ANDREWS (Renew, IE), INTA; René REPASI (S&amp;D, DE), ECON; Samira RAFAELA (Renew, NL), EMPL; Tiemo WÖLKEN (S&amp;D, DE), ENVI; by Didier REYNDERS, European Commissioner for Justice and by Ilan DE BASSO (S&amp;D, SE), DEVE and Deirdre CLUNE (EPP, IE), IMCO. This transcription is a result of an automatic process. Please check against delivery.

Corporate Sustainability Due Diligence: opening statements by Lara WOLTERS; Raphaël GLUCKSMANN; Barry ANDREWS; René REPASI; Samira RAFAELA; Tiemo WÖLKEN; by Didier REYNDERS, EC for Justice; and by Ilan DE BASSO and and Deirdre CLUNE

MEPs debate on the reform of Emissions Trading System including for aviation and the maritime sector, the Carbon Border Adjustment Mechanism and a new Social Climate fund. In particular, during the debate they discuss deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package”. This is the EU’s plan to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels in line with the European Climate Law. Statements by Evin INCIR (S&D,SE), DEVE Committee, Damien CARÊME (Greens/EFA, FR), Henrike HAHN (Greens/EFA, DE), ECON Committee, Andrey NOVAKOV (EPP, BG), Leila CHAIBI (The Left, FR), Jan-Christoph OETJEN (Renew, DE); TRAN Committee, Tom BERENDSEN (EPP, NL), REGI Committee; Zbigniew KUŹMIUK (ECR, PL), AGRI Committee.

Joint debate - Fit for 55: remarks by Evin INCIR (S&amp;D,SE), Damien CARÊME (Greens/EFA, FR), Henrike HAHN (Greens/EFA, DE), Andrey NOVAKOV (EPP, BG), Leila CHAIBI (The Left, FR), Jan-Christoph OETJEN, Tom BERENDSEN (EPP, NL), Zbigniew KUŹMIUK (ECR, PL)

MEPs from the Economic and Monetary Affairs (ECON) Committee exchange with Andrea ENRIA, Chair of the Supervisory Board of the ECB and by Jose Manuel CAMPA, Chair of the European Banking Authority (EBA) on the failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe. Opening statements by Andrea ENRIA, Chair of the Supervisory Board of the ECB and by Jose Manuel CAMPA, Chair of the European Banking Authority (EBA).

Exchange of views on the failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe: opening by Irene TINAGLI (S&amp;D, IT) and statements by Andrea ENRIA (ECB) and by Jose Manuel CAMPA (EBA)

MEPs from the Economic and Monetary Affairs (ECON) Committee exchange with Andrea ENRIA, Chair of the Supervisory Board of the ECB and by Jose Manuel CAMPA, Chair of the European Banking Authority (EBA) on the failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe. Extracts from the exchange of views.

Failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe: extracts from the exchange of views

MEPs in the Economic and Monetary Affairs Committee (ECON) quiz European Central Bank President Christine Lagarde on the bank’s measures against the current environment, marked by high uncertainty and strong inflationary pressures. Second part of the questions and answers session.

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: questions and answers (part 2)

MEPs in the Economic and Monetary Affairs Committee (ECON) quiz European Central Bank President Christine Lagarde on the bank’s measures against the current environment, marked by high uncertainty and strong inflationary pressures.

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: questions and answers (part 1)

MEPs in the Economic and Monetary Affairs Committee (ECON) quiz European Central Bank President Christine Lagarde on the bank’s measures against the current environment, marked by high uncertainty and strong inflationary pressures. Introduction by Irene TINAGLI (S&amp;D, IT) and Opening statement by Christine LAGARDE, President of the European Central Bank (ECB).

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: introduction by Irene TINAGLI (S&amp;D, IT) and opening statement by Christine LAGARDE, President of the European Central Bank (ECB)

Ahead of each new rotating presidency of the Council of the European Union (every 6 months), the ministers of the holding country present their priorities in a series of meetings with parliamentary committees related to their political area. On January 2023, the committees of ENVI (Environment, Public Health and Food Safety), AFET (Foreign Affairs) and ECON (Economic and Monetary Affairs) welcomed the Sweden's ministers, including Romina Pourmokhtari, Minister for Climate and Environment, Elisabeth Svantesson, ECOFIN President and Minister for Finance of Sweden and Tobias Lennart Billström, Minister of Foreign Affairs.

Presentation of the EU Council's priorities by Swedish Ministers: extracts from the EP Committee meetings (ENVI - ECON - AFET)

Christine LAGARDE, President of the European Central Bank participates to a monetary dialogue with members of the ECON (Economic and Monetary Affairs) Committee. Opening remark by Irene TINAGLI (S&D, IT), Chair and statement by Christine LAGARDE, President of the European Central Bank (ECB).

Monetary Dialogue with Christine LAGARDE, President of the European Central Bank: Opening remark by Irene TINAGLI (S&amp;D, IT), Chair and statement by Christine LAGARDE, President of the European Central Bank (ECB)

Christine LAGARDE, President of the European Central Bank is invited to discuss with the ECON Committee. This Monetary Dialogue takes place in a particularly challenging environment, marked by strong inflationary pressures (the euro area annual inflation reached 9.1 % in August 2022). It is the first Monetary Dialogue since the Governing Council decided to raise twice the key ECB interest rates for the first time since 2011. Q&A with Christine LAGARDE, President of the European Central Bank

Monetary Dialogue with the President of the European Central Bank: Q&amp;A with Christine LAGARDE, ECB President - ECON Committee

Christine LAGARDE, President of the European Central Bank is invited to discuss with the ECON Committee. This Monetary Dialogue takes place in a particularly challenging environment, marked by strong inflationary pressures (the euro area annual inflation reached 9.1 % in August 2022). It is the first Monetary Dialogue since the Governing Council decided to raise twice the key ECB interest rates for the first time since 2011. Opening statements by Christine LAGARDE, ECB President, and Irene Tinagli, ECON Chair.

Monetary Dialogue with the President of the European Central Bank: opening statements by Christine LAGARDE, ECB President, and Irene TINAGLI (S&amp;D, IT), ECON Chair - ECON Committee

Christine LAGARDE, President of the European Central Bank is invited to discuss with the ECON Committee. This Monetary Dialogue takes place in a particularly challenging environment, marked by strong inflationary pressures (the euro area annual inflation reached 9.1 % in August 2022). It is the first Monetary Dialogue since the Governing Council decided to raise twice the key ECB interest rates for the first time since 2011. Extracts from the dialogue.

Monetary Dialogue with Christine LAGARDE, President of the European Central Bank: extracts - ECON Committee

Ahead of each new rotating presidency of the Council of the European Union (every 6 months), the ministers of the holding country present their priorities in a series of meetings with parliamentary committees related to their political area. On Monday 11 July 2022, the committees of CULT (Culture and Education), AFET (Foreign Affairs) and ECON (Economic and Monetary Affairs) welcomed the Czech's ministers, including Martin BAXA, Minister of Culture, Jan LIPAVSKY, Minister of Foreign Affairs, Zbynek STANJURA, Minister of Finance, and Vladimir BALAS, Minister of Education.

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