Economic and Financial Affairs

Responsibilities

The Directorate-General for Economic and Financial Affairs (DG ECFIN) aims to contribute to raising the economic standards of citizens in the European Union and beyond and promote sustainable prosperity, by fostering competitive and resilient economies, ensuring fiscal sustainability and promoting productivity-focused investment.  

DG ECFIN contributes to evidence-based policy advice and design to underpin economic growth based on competitive sustainability. DG ECFIN conducts economic forecasts and business and consumer surveys to underpin economic policy in the EU. Within the Union, it undertakes economic surveillance of the Member States economies, focusing on macroeconomic and fiscal policies.  It also coordinates the Commission’s work for a deeper and fairer Economic and Monetary Union (EMU). The Directorate-General is further responsible for economic policy coordination, in particular through the European Semester, and safeguarding fiscal and financial stability in the EU. Finally, DG ECFIN promotes the role of the EU as a global actor in the economic arena, including by coordinating with European and International Financial Institutions, working to reach consensus in the finance track of the G20 and G7 fora on EU international economic priorities, and through financial assistance to partner countries.

DG ECFIN works to support people and businesses, and build a competitive,  greener, more digital and resilient European economy, in line with the EU’s long-term goals and the Economic and Financial Affairs website