European Commision: Economic and Financial Affairs Configuration

European Commision: Economic and Financial Affairs Configuration

The Economic and Financial Affairs Council, commonly known as the Ecofin Council, is responsible for economic policytaxation matters, financial markets and capital movements, and economic relations with countries outside the EU.

It also prepares the EU's annual budget and takes care of the legal and practical aspects of the single currencythe euro.

The Ecofin Council coordinates member states' economic policies, furthers the convergence of their economic performance and monitors their budgetary policies.

It also coordinates EU positions for international meetings, such as the G20, the International Monetary Fund and the World Bank. It is also responsible for the financial aspects of international negotiations on measures to tackle climate change.

- European Commision

Topics

Regulating the digitalised economy

Study Guide Coming Soon

Reviewing the EU priorities towards international free trade agreements

Study Guide Coming Soon

Chairs

Malte Westphal

Malte Westphal

Director

Malte Westphal is currently pursuing a master degree in computer science and management at the University of Hamburg and is now writing his thesis with a big German company. He has always been very interested in international politics and attended his first MUN in 2014 in Israel. Ever since he developed a habit to use MUNs as an excuse to travel to places in Europe where he wouldn’t go otherwise – from Cork over Lviv to Tbilisi. During his time in MUN, he held almost every position imaginable from Delegate to Secretary General. However, as a passionate European, his favourite position is chairing the European Council, and he is looking forward to doing so in a time when everyone knows what Brexit actually means.

Luci Krnic

Luci Krnic

Assistant Director

As a true mathematician, Luči enjoys spending her weekends trying to solve some of the world’s biggest problems. She comes from a country best known for its beautiful sea and amazing football players: Croatia. Her love for economic committees is inspired by both: experiencing the ups and downs of her country’s transition to open market economy on her own skin and the fact that she can make use of numbers in the debate. Naturally, this inspired her to help countries with similar troubles by specialising in World Bank committee, and her altruism enabled her to win the LIMUN Diplomacy Award at her 6th conference. At NottsMUN, Luči is interested in the policy-making side of it. She is looking forward to helping the young minds shape and strengthen the European economy.

Bianca Getzel

Bianca Getzel

Assistant Director

This year Bianca will be assistant director of ECOFIN. She is in her 2nd year at the University of Manchester. Despite being Italian, she began MUN in America where she did high school. While in the US she was captain of her team and brought them to several conferences including HarvardMUN. At Harvard, she was a delegate in crisis committees and was in her first EU committee where she won the best delegate at HMUN. She also directed local UN forums and mock conferences. Now at uni, while being awarded, she continued participating in EU committees. Recently she’s been appointed part of Manchester’s secretariat. Her favourite topics are EU related making this committee a perfect fit. In her free time, she loves finding new coffee/food as aIl Italian stereotypes dictate.