Euro
Cyprus governor says 2009 GDP will shrink
Prognosis contradicts European Commission's optimism about growth
Architects of euro point to “unfinished business”
The men behind the euro gathered in the French capital last week to mark the currency’s first decade. Robert Pringle, the chairman of Central Banking Publications, reports.
Euro an anchor of stability: Austria’s Nowotny
Austrian National Bank’s governor says euro-area economic activity could surpass the US
ECB’s Tumpel-Gugerell: rushing euro adoption no fix
European Central Bank’s Gertrude Tumpel-Gugerell says Central and Eastern European countries must fulfil Maastricht criteria to adopt euro
Exports to lead Estonian recovery
Exports and euro adoption will be crucial in the Baltic state’s economic resurgence
Trichet rules out €30 banknote
ECB president Jean-Claude Trichet says the central bank will not issue a €30 bill after lawmaker’s request
Eichengreen sees dollar safe for now
The euro and the renminbi could both mount a strong challenge to the dollar’s status as the global reserve currency. But, as Berkeley economist Barry Eichengreen tells CentralBanking.com, must overcome some major obstacles before they can do so
Trichet sees “pressing need” for fiscal responsibility
Announcing that interest rates would be kept unchanged, ECB president calls for governments to formulate realistic exit strategies
Czechs don’t need to import monetary policy – Tuma
Czech National Bank’s Zdenek Tuma says euro adoption is a purely political not economic decision
Imbalances: this time it's different, says Blanchard
International Monetary Fund sees growth recovering to 3% next year but warns that without imbalances fix, long-run picture remains bleak
Dollar reserves dip
Latest Annual Report from the International Monetary Fund shows official sector shifting into euro, yen
Fed will fail to land systemic risk role, Zoellick predicts
World Bank’s Robert Zoellick says Fed will not get systemic risk role, moots Treasury. Sees renminbi, euro strengthen reserve status
Danes set to avoid euro vote – report
Report says Copenhagen will not hold euro referendum on waning support for single currency
From triumph to the brink of despair
Robert Pringle looks at the last two decades, as viewed through the pages of Central Banking
Croatia’s Vujcic deputy on “unorthodox” regulation
Croatian National Bank’s Boris Vujcic outlines regulatory approach under euro dominance
Bank of Estonia – Annual Report 2008
Bank of Estonia’s Andres Lipstok says adopting euro would increase foreign investors’ confidence in the domestic economy
Estonia to head straight for euro – Lipstok
Bank of Estonia’s Andres Lipstok says euro adoption is a key priority
Foreign demand for euro banknotes on the rise
European Central Bank shows that 2008 saw a strong increase in the demand for euro-cash outside the euro area
ECB - Financial Stability Review June 2009
Most large and complex banking groups operating in the euro area appear to have enough capital to withstand severe but plausible stress scenarios, notes the latest Financial Stability Review from the European Central Bank.
Latvia buys euros for first time since November
The Bank of Latvia bought euros for the first time in seven months last week after the lats gained on hopes that Riga would not have to devalue the currency.
Riksbank raids euro swap line to shore up stabilit
The Riksbank on Wednesday said it would tap €3 billion ($4.2 billion) from a swap line set up with the European Central Bank (ECB) to ensure it was "well-prepared to continue safeguarding stability."
Europe's ACHs bemoan Sepa's slow start
Europe's leading automated clearing houses (ACHs), which process and route payments, hit out at the lack of progress on the Single Euro Payments Area (Sepa) on Wednesday and called for an end date for national standards to hasten its implementation.
ECB staff set for "warning" strike
European Central Bank (ECB) staff are to take industrial action for the first time ever over pensions reform.
Bank of Latvia - Annual Report 2008
For the Latvian economy, 2008 was a year of radical change, said Ilmars Rimsevics, the governor of the country's central bank in its latest Annual Report.