In future, the European Central Bank and numerous Eurosystem central banks will have their representative offices in the House of the Euro. The focus lies on two aspects: cooperation and visibility. The House of the Euro represented the creation of a place that makes the close and trusting cooperation between the national central banks and the ECB visible in Brussels, too, Bundesbank President Joachim Nagel said following the official ceremony. Presenting the Eurosystem’s positions together in this place will send a strong message to a wider audience.

The Bundesbank’s representative office in Brussels therefore also belongs to the House of the Euro. In addition to the Bundesbank and the ECB, the Bank of Slovenia, Banco de España, Banca d'Italia, Central Bank of Ireland, Banque de France and Central Bank of Malta have also relocated or expanded their representative offices to, or established them at, the House of the Euro. Furthermore, other Eurosystem central banks will station representatives in the new co-working space, which will also belong to the House of the Euro, on a rotating basis. ECB President Christine Lagarde officially inaugurated the House of the Euro on Thursday. 

Targeted communication of the Eurosystem’s common stance 

The House of the Euro aims to be a place for exchanging information. It will help us, the Bundesbank, network more strongly with various EU institutions and other organisations that are important to us, said Mr Nagel in Brussels. The House of the Euro is also intended to provide a platform for events, thereby improving communication of the Eurosystem’s common stance. At the same time, the diversity of the various central banks in the House of the Euro will remain intact. 

Our main objective is to pool the common forces in Brussels. We want to benefit from the expertise and insights provided by the other central banks and share our own assessments with them, said Executive Board member Burkhard Balz, who was also on hand at the inauguration. That is why we are committed to the House of the Euro.