ECFIN

ECFIN refers to the Directorate-General for Economic and Financial Affairs of the European Commission. It is one of the 27 Directorates-General within the European Commission, responsible for developing and implementing the European Union's economic and financial policies. ECFIN's primary role is to ensure the economic stability and prosperity of the EU.

The Directorate-General is involved in a wide range of activities. These include monitoring the economic situation in EU member states and the wider global economy, preparing economic forecasts, and advising the European Commission on economic policy matters. ECFIN also plays a key role in the coordination of economic policies among member states, particularly through the European Semester, an annual cycle of economic and fiscal policy coordination.

Furthermore, ECFIN is responsible for managing the EU's budget in relation to economic and financial affairs, as well as overseeing the implementation of financial instruments and programs that support economic growth and competitiveness. It also contributes to the EU's international economic and financial relations. The work of ECFIN informs the decisions of the European Commission, the Council of the European Union, and the European Parliament, ultimately shaping the economic landscape of the European Union.