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
European Free Trade Association Belgium (the same location as the headquarters of the European Commission), while the EFTA Court has its headquarters in Luxembourg City (the same location as the headquarters of the European Court of Justice). Except for Switzerland, the EFTA members are also members of the European Economic Area (EEA). The EEA comprises three member states of the European Free Trade Association (EFTA) and 28 member states of the European Union (EU), including Croatia which is provisionally applying the agreement pending its ratification by all EEA countries. It was established on 1 January 1994 following an agreement with the European Community (which