Directorate General for Economic and Financial Affairs

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Directorate General for Economic and Financial Affairs

An administrative office of the European Union. It monitors the economic performance of the EU, the organization's budget, economic aspects of other countries and international organizations, and financing of EU activities. It operates under the auspices of the European Commission.
References in periodicals archive ?
As he explained: The Commissions Directorate-General for Economic and Financial Affairs has significantly increased its prognosis for the rate of growth of Hungarys gross domestic product for this year, compared to its previous spring forecast, by 0.7 percentage points to 4.4 percent.
The European Commission decided, on 10 April, to appoint Margaritis Schinas (Greece) as the director-level head of the Athens office of the Directorate-General for Economic and Financial Affairs (DG ECFIN).
The five chapters collected by the editors (both of the Directorate-General for Economic and Financial Affairs at the European Commission) explore some of the theoretical and practical implications of the efficiency defense.
A Finnish national, she began her career at Dresdner Bank before joining the Directorate-General for Economic and Financial Affairs at the European Commission in 1996.
Around 100 activists occupied the European Commission's Directorate-General for Economic and Financial Affairs (DG ECFIN), on 14 March, to protest against Commissioner Olli Rehn's key role in imposing austerity policies.
Statistics compiled by the European Commission's Directorate-General for Economic and Financial Affairs, released on 28 August, show that economic sentiment in the EU rose by 5.9 points during the month, to 80.9.
Mr Presa joined the Commission as an administrator in the Directorate-General for Economic and Financial affairs in 1985, where his work focussed on economic analysis of the internal market, trade, and cooperation with candidate countries.
After graduating with an MSc in Statistics and Econometrics and a Doctorate in Economics, he joined the European Commission in 1985, where he held a number of posts in the Directorate-General for Economic and Financial Affairs. Between 1992 and 1996, he was head of the EcoFin section of the EC Delegation in Washington DC.
This trend is expected to continue, since the indicator-based model for quarterly GDP growth for the euro-area, developed by the European Commissions Directorate-General for Economic and Financial Affairs, forecasts a range of 0.2% to 0.6% for the third quarter of 2005 and a range of 0.4% to 0.8% for growth in the last three months of the year.
This trend should continue as the Commission's Directorate-General for Economic and Financial Affairs forecasts a rise of between 0.3% and 0.7% for GDP in the Euro-zone for the third and fourth quarter of 2004.
Such are the conclusions of a new study carried out by economists in the European Commission's Directorate-General for Economic and Financial Affairs, on fiscal policy in the Economic and Monetary Union (EMU).
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