Central Banking

Speech by Jaime Caruana, Banco de Espana, 14 June

SPEECH - The governor of the Banco de Espana addresses the governing council of the central bank on the presentation of the annual report, 14 June:

A year ago I addressed you in my first presentation of an Annual Report, that for the year 2000. At the time I highlighted the importance of an impending event: the introduction of euro notes and coins. This event clearly symbolised the culmination of monetary union in Europe, a process set in train ten years earlier and coming to fruition against a

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