European Commission
Commission of the European Communities
European Commission (Commission of the European Communities)
The institution of the European Community that ensures the application of the provisions of the Treaty. The Commission develops Community policies, proposes Community legislation and exercises powers in specific areas. In the area of economic policy, the Commission recommends broad guidelines for economic policies in the Community and reports to the EU Council on economic developments and policies. It monitors public finances within the framework of multilateral surveillance and submits reports to the Council.
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European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the
ECB's website.