European Central Bank headquartered in Frankfurt, Germany. 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. The primary objective of the ECB, mandated in Article 2 of the Statute of the ECB, is to maintain price stability within the Eurozone. Its basic tasks, set out in Article 3 of the Statute, are to set and implement the monetary policy for the Eurozone, to conduct
Institutional seats of the European Union locations of the major seats have been enshrined in the treaties of the European Union, Parliament has no right to decide its own seat, unlike other national parliaments. Locating new bodies is also not without political disputes. The European Central Bank's (ECB) seat had to symbolise its independence from political control, and was located in a city which did not already host a national government or European institution. New agencies are also being based in eastern Europe since 2004 to balance the distribution of agencies across the EU. The treaties of the European Union outline the locations of the following