<P> The European Central Bank ( ECB ; German : Europäische Zentralbank ( EZB ) , French : Banque centrale européenne ( BCE ) ) is the central bank for the euro and administers monetary policy of the eurozone , which consists of 19 EU member states and is one of the largest currency areas in the world . It is one of the world 's most important central banks and is one of the seven institutions of the European Union ( EU ) listed in the Treaty on European Union ( TEU ) . The capital stock of the bank is owned by the central banks of all 28 EU member states . The Treaty of Amsterdam established the bank in 1998 , and it is headquartered in Frankfurt , Germany . As of 2015 the President of the ECB is Mario Draghi , former governor of the Bank of Italy , former member of the World Bank , and former managing director of the Goldman Sachs international division ( 2002 -- 2005 ) . The bank primarily occupied the Eurotower prior to , and during , the construction of the new headquarters . </P>
<P> The European Central Bank ( ECB ; German : Europäische Zentralbank ( EZB ) , French : Banque centrale européenne ( BCE ) ) is the central bank for the euro and administers monetary policy of the eurozone , which consists of 19 EU member states and is one of the largest currency areas in the world . It is one of the world 's most important central banks and is one of the seven institutions of the European Union ( EU ) listed in the Treaty on European Union ( TEU ) . The capital stock of the bank is owned by the central banks of all 28 EU member states . The Treaty of Amsterdam established the bank in 1998 , and it is headquartered in Frankfurt , Germany . As of 2015 the President of the ECB is Mario Draghi , former governor of the Bank of Italy , former member of the World Bank , and former managing director of the Goldman Sachs international division ( 2002 -- 2005 ) . The bank primarily occupied the Eurotower prior to , and during , the construction of the new headquarters . </P>
who controls the monetary policy of the eu
who controls the monetary policy of the eu
European Central Bank
European Central Bank