General Council

The General Council comprises

  • the President of the ECB;
  • the Vice-President of the ECB;
  • the governors of the national central banks (NCBs) of the 28 EU Member States.
In other words, the General Council includes representatives of the 19 euro area countries and the 9 non-euro area countries.

The other members of the ECB's Executive Board, the President of the EU Council and one member of the European Commission may attend the meetings of the General Council but do not have the right to vote.

The General Council

The General Council

(as at January 2016)

Responsibilities

The General Council can be regarded as a transitional body. It carries out the tasks taken over from the European Monetary Institute which the ECB is required to perform in Stage Three of Economic and Monetary Union on account of the fact that not all EU Member States have adopted the euro yet.
The General Council also contributes to:

  • the ECB's advisory functions;
  • the collection of statistical information;
  • the preparation of the ECB's annual report;
  • the establishment of the necessary rules for standardising the accounting and reporting of operations undertaken by the NCBs;
  • the taking of measures relating to the establishment of the key for the ECB's capital subscription other than those laid down in the Treaty;
  • the laying-down of the conditions of employment of the members of staff of the ECB; and
  • the necessary preparations for irrevocably fixing the exchange rates of the currencies of the "EU Member States with a derogation" against the euro.

In accordance with the Statute of the European System of Central Banks and of the European Central Bank, the General Council will be dissolved once all EU Member States have introduced the single currency.

Members

Mario Draghi

Mario Draghi

President of the ECB

Curriculum vitae
Vítor Constâncio

Vítor Constâncio

Vice-President of the ECB

Curriculum vitae
Jan Smets

Jan Smets

Governor, Nationale Bank van België/Banque Nationale de Belgique

Dimitar Radev

Dimitar Radev

Governor, Българска народна банка (Bulgarian National Bank)

Miroslav Singer

Miroslav Singer

Governor, Česká národní banka

Lars Rohde

Lars Rohde

Governor, Danmarks Nationalbank

Jens Weidmann

Jens Weidmann

President, Deutsche Bundesbank

Ardo Hansson

Ardo Hansson

Governor, Eesti Pank

Philip R. Lane

Philip R. Lane

Governor, Central Bank of Ireland

Yannis Stournaras

Yannis Stournaras

Governor, Bank of Greece

Luis María Linde

Luis María Linde

Governor, Banco de España

François Villeroy de Galhau

François Villeroy de Galhau

Governor, Banque de France

Ignazio Visco

Ignazio Visco

Governor, Banca d'Italia

Boris Vujčić

Boris Vujčić

Governor, Hrvatska narodna banka

Chrystalla Georghadji

Chrystalla Georghadji

Governor, Central Bank of Cyprus

Ilmārs Rimšēvičs

Ilmārs Rimšēvičs

Governor, Latvijas Banka

Vitas Vasiliauskas

Vitas Vasiliauskas

Chairman of the Board, Lietuvos bankas

Gaston Reinesch

Gaston Reinesch

Governor, Banque centrale du Luxembourg

György Matolcsy

György Matolcsy

Governor, Magyar Nemzeti Bank

Josef Bonnici

Josef Bonnici

Governor, Central Bank of Malta

Klaas Knot

Klaas Knot

President, De Nederlandsche Bank

Ewald Nowotny

Ewald Nowotny

Governor, Oesterreichische Nationalbank

Marek Belka

Marek Belka

President, Narodowy Bank Polski

Carlos Costa

Carlos Costa

Governor, Banco de Portugal

Mugur Constantin Isărescu

Mugur Constantin Isărescu

Governor, Banca Națională a României

Boštjan Jazbec

Boštjan Jazbec

Governor, Banka Slovenije

Jozef Makúch

Jozef Makúch

Governor, Národná banka Slovenska

Erkki Liikanen

Erkki Liikanen

Governor, Suomen Pankki - Finlands Bank

Stefan Ingves

Stefan Ingves

Governor, Sveriges Riksbank

Mark Carney

Mark Carney

Governor, Bank of England