EP Press conference Capital markets union a big step forward - Main contents
| date | May 31, 2017 15:36 - 17:00 |
|---|---|
| city | Press conference room - 15.30-16.00 |
| location | Brussels  |
| station | EbS |
| attending | P.J.G. (Paul) Tang i, (Othmar) Karas i, V. (Valdis) Dombrovskis i, (Sirpa) Pietikäinen i, (Roberto) Gualtieri i et al. |
| organisation | European Commission (EC) i |
Press conference by Roberto GUALTIERI (S&D, IT), Chair of the Committee on Economic and Monetary Affairs, and Valdis DOMBROVSKIS, Vice-President of the EC in charge of the Euro, Social Dialogue, Financial Stability, Financial Services and Capital Markets Union, and the rapporteurs Paul TANG ( S&D, NL), Othmar KARAS (EPP, AT), and Sirpa PIETIKÄINEN (EPP, FI)
Contents
The European Commission is the executive body of the EU and runs its day-to-day business. It is made up of the College of Commissioners, 27 European Commissioners, one for each member state, who are each responsible for one or several policy areas. In addition, the 'Commission' also refers to the entire administrative body that supports the Commissioners, consisting of the Directorates-General and the Services.
The European Commission is the sole EU body capable of proposing new legislation. The Commission also performs an oversight function, monitoring whether European legislation is properly implemented in the member states. In the event of non-compliance, the Commission can coerce a member state to comply by starting a legal procedure at the European Court of Justice.