Institutions of the European Union (ECB) is the central bank for the eurozone (the states which have adopted the euro) and thus controls monetary policy in that area with an agenda to maintain price stability. It is at the centre of the European System of Central Banks which comprises all EU national banks. The bank is governed by a board of national bank governors and a President. The ECB is located in Frankfurt. The current president is Mario Draghi. The "European Court of Auditors" (ECA), despite its name, has no judicial powers. It ensures that taxpayer funds from the budget of the European Union have
Seat of the European Parliament in Strasbourg official home. The Parliament's five buildings, all named after distinguished European politicians, are located in the "Quartier Européen" (European Quarter) of the city, which it shares with other European organisations which are separate from the European Union's. Previously the Parliament used to share the same assembly room as the Council of Europe. Today, the principal building is the Louise Weiss building, inaugurated in 1999. The Louise Weiss building (IPE 4) (named after Louise Weiss, a French former member of the parliament), is located in the Wacken district of Strasbourg, south of Schiltigheim, between the 1920s workers' suburban colony ("Cité ouvrière")