Governing Council of the European Central Bank Governing Council of the European Central Bank The Governing Council of the European Central Bank is the main decision-making body of the European Central Bank (ECB) and has "sole responsibility" for formulating monetary policy in the Eurozone. It comprises the members of the Executive Board of the European Central Bank and the governors of the national central banks (NCBs) of the eurozone countries. The Governing Council is responsible for formulating monetary policy for the Eurozone. Specifically: In general, the Governing Council (GC) meets twice a month at the Eurotower in Frankfurt, Germany. The first meeting is the most important and
President of the European Union the executive branch of the European Union, takes part in the G7 and other international summits as well. All four offices have been described as the President of Europe, however, none can be seen to be analogous to the President of the United States (who is both head of state and head of government). Imperfect comparisons with other political system have attempted to explain the complex nature of the European institutions. As each institution has its own leader, it has been suggested that the terms "Speaker" of the European Parliament, "Governor" of the European Central Bank, "Chairman" of the Council