Padoa-Schioppa on the euro and the role of ERM II

SPEECH - In the speech 'Trajectories towards the euro and the role of ERM II' made on 4 November, Tommaso Padoa-Schioppa of the ECB said ERM II should be seen as a meaningful framework within which to achieve further real and nominal convergence. In addition, ERM II may provide an appropriate framework to avoid major misalignments when choosing the conversion rates to the euro.

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Speech by Tommaso Padoa-Schioppa

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