Directorate-General Economic and Financial Affairs (ECFIN) - Main contents

The main task of this Directorate-General is to ensure the functioning of the Economic and Monetary Union (EMU). This can be achieved by monitoring economic development, co-ordinating economic policy, analysing economic policies and providing advice on economic policies.

The DG has the following tasks:

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  distributing guidelines for economic policy
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  assessment of stability and convergence programmes of member states (in which they provide, amongst other data, the development of their national deficits)
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  publishing of other reports, such as reports about public finances in the EMU, the EU Economic Overview and short- and long term economic analyses of the European Commission
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  provide economic analysis and an evaluation of policy areas of the European Union such as the internal market, agriculture and environment.