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
Central European Midsummer Time Midsummer time was equivalent to Moscow Time, which did not observe DST then. Central European Midsummer Time Central European Midsummer Time (CEMT) is one of the names of the time zone, 3 hours ahead of Coordinated Universal Time. It was used as a double summer daylight saving time in several European countries during the 1940s. Some parts of France, but not Paris, observed Central European Midsummer Time in 1941–1945. Central European Midsummer Time was used in occupied Germany from 11 May, 03:00 CEST to 29 June 1947, 03:00 CEMT. According to GHEP, Berlin and the Soviet Occupation Zone observed midsummer