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
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")