Governing Council of the European Central Bank Governing Council of the European Central Bank The Governing Council of the European Central Bank is the main decision-making body of the European Central Bank (ECB) and has "sole responsibility" for formulating monetary policy in the Eurozone. It comprises the members of the Executive Board of the European Central Bank and the governors of the national central banks (NCBs) of the eurozone countries. The Governing Council is responsible for formulating monetary policy for the Eurozone. Specifically: In general, the Governing Council (GC) meets twice a month at the Eurotower in Frankfurt, Germany. The first meeting is the most important and
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")