European Central Bank (ECB). The central bank empowered to manage monetary policy for the Euro-zone - the group of countries that use the Euro single-currency.
Similar to the Federal Reserve System in the United States, the E.C.B., European Central Bank's goal is to maintain price stability and stable growth. The governing body consists of the six member Executive Board, and twelve governors representing the current twelve member Euro-zone countries (twelve as of late 2006, more countries are slated to join shortly). The ECB formed June 1, 1998
For more details please refer to their home page:
http://www.ecb.int/home/html/index.en.html
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