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
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