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
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