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 Summer Time 2012–2013. Central European Summer Time Central European Summer Time (CEST), sometime referred also as Central European Daylight Time (CEDT), is the standard clock time observed during the period of summer daylight-saving in those European countries which observe Central European Time () during the other part of the year. It corresponds to , which makes it the same as Central Africa Time, South African Standard Time and Kaliningrad Time in Russia. Other names which have been applied to Central European Summer Time are Middle European Summer Time (MEST), Central European Daylight Saving Time (CEDT), and Bravo Time (after the second letter