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 1. Home
 2. …
 3. About the European Commission
 4. Departments and executive agencies
 5. Economic and Financial Affairs

 * Directorate-general
 * ECFIN


ECONOMIC AND FINANCIAL AFFAIRS

The Directorate‑General for Economic and Financial Affairs is the Commission
department responsible for EU policies promoting economic growth and recovery,
higher employment, stable public finances and financial stability.

Page contents
Page contents
 * Responsibilities
 * Leadership and organisation
 * Contact
 * Related links


RESPONSIBILITIES

DG ECFIN conducts economic forecasts and business and consumer surveys to
underpin economic policy in the EU. It also coordinates the Commission’s work
for a deeper and fairer Economic and Monetary Union (EMU), and promotes the role
of the EU as a global actor in the economic arena. Finally, the
Directorate-General is responsible for economic policy coordination, in
particular through the European Semester, and safeguarding fiscal and financial
stability in the EU.

DG ECFIN works to facilitate the recovery from the coronavirus crisis, support
people and businesses, and build a greener, more digital and resilient European
economy, in line with the EU’s long-term goals and the Commission’s priorities
to build an economy that works for people and a European Green Deal. To this
end, the Directorate-General is in charge of a wide range of instruments aimed
to help the recovery:

 * DG ECFIN is together with the Recovery and Resilience Task Force (RECOVER)
   responsible for the implementation of the EU’s main recovery tool, the €723.8
   billion Recovery and Resilience Facility (RRF). The RRF Scoreboard gives an
   overview of how the implementation of the RRF and national recovery and
   resilience plans is progressing.
 * It is responsible for the implementation of the European instrument for
   temporary Support to mitigate Unemployment Risks in an Emergency (SURE),
   providing financial assistance up to EUR 100 billion to Member States to
   protect workers and jobs by supporting short-time work schemes and similar
   measures.
 * It is in charge of implementing the InvestEU programme, the EU's flagship
   investment programme to kick-start the European economy and mobilise private
   investment across Europe.
 * It is responsible for macro-financial assistance programmes (MFA) to partner
   countries, including a €3 billion MFA package for ten enlargement and
   neighbourhood partners, aimed to help them limit the economic fallout of the
   coronavirus pandemic.

Mission statement

Economic and Financial Affairs website


LEADERSHIP AND ORGANISATION

Commissioner
Paolo Gentiloni
Director-General
Maarten Verwey
Deputy Director-General
Declan Costello
Deputy Director-General
Elena Flores Gual
 * 1 NOVEMBER 2024

Economic and Financial Affairs - Organisation chart
English
(390.87 KB - PDF)
Download
Other languages (2)
 * Deutsch
   (382.91 KB - PDF)
   Download
 * français
   (635.6 KB - PDF)
   Download
 * 

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CONTACT

DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS

Name
Directorate-General for Economic and Financial Affairs
Phone number
+32 2 299 11 11 (Commission switchboard)
Postal address

European Commission Rue de la Loi 170/Wetstraat 170
1049 Bruxelles/Brussel
Belgium

Press contacts
Ask a question


RELATED LINKS

More on the topic of economy and finance

Recovery plan for Europe
Economic publications
Economic forecasts
Upcoming ECFIN events

Tender opportunities

Funding opportunities

Evaluations of policies and spending activities
Register of Commission expert groups – Calls for applications
Sign up to receive the ECFIN newsletter


PLANS AND REPORTS

Commission work programme
Overview of institution-wide deliverables for current year
Strategic plan
Department strategy, objectives for 2020-2024
Management plan
Department forecasted outputs, activities, resources for current year
Annual activity report
Department achievements, resources used during previous year
Annual work programme
Budget line for certain policies and funding programmes for current year


LATEST

 * News article
 * 23 October 2024

DG ECFIN releases October flash consumer confidence indicator for the EU and the
euro area
 * News article
 * 27 September 2024

Economic Sentiment and Employment Expectations broadly stable in the EU and the
euro area
 * News article
 * 20 September 2024

Flash Consumer Confidence Indicator - Consumer confidence picks up in the EU and
the euro area
See more news

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