The ECB is the central bank which monitors the monetary policy of the Eurozone, with the main objective being to maintain price stability.
The ECB's headquarters are in Frankfurt, Germany. Its owners and shareholders of the European Central Bank are the central banks not just of the 18 eurozone countries, but of the 28 member states of the EU.
Greece reached a deal with its eurozone lenders on Friday after a nailbiting week of negotiations. Over the weekend, finance ministry officials scrambled to put together a list of fiscal and structural reforms. They have to be approved by creditors before Greece's loan can officially be extended.
Greece is close to finalizing its list of major reforms to satisfy it eurozone creditors. The list must be presented and approved by end Monday if Athens is to continue receiving international funding. It's expected the new reforms will focus on tax evaders and corruption, rather than on pushing forward with austerity measures.