European Central Bank (ECB)
The European Central Bank (ECB) functions as the primary central bank for the Eurozone, a monetary union comprising 19 member states of the European Union (EU) that utilize the Euro (€) as their common currency. It holds a significant position among global central banks and is one of the seven institutions forming the infrastructure of the EU. The ECB’s core objectives include ensuring price stability, regulatory clarity, fair monetary policies, and a robust European financial system encompassing banking, investment, insurance, securities, and the overall EU financial sector. Additionally, the ECB is responsible for authorizing the issuance of the Euro within EU member states.