Euro
An economic government for Europe
This article is intended for readers who would like to know what kind of economic government Europe needs if the euro is to be put on a secure footing1.
Minister says Poland to meet euro criteria in 2007
Poland will be ready in 2007 to join the euro, Polish Finance Minister Miroslaw Gronicki said on Wednesday 20 October, following a report which said that none of the 10 new EU members yet meet the criteria for adopting the single European currency.
Eu-row continues
The row over how to spell the "euro" single currency was only partially solved this week when Lithuania (euras) and Slovenia (evro) agreed a compromise on the word but Latvia (eiro) and Hungary (euroo) said they plan to stick to their own spelling.
Trichet note change sparks forgery claims
Berlin police have reassured citizens worried about an unfamiliar signature on their new euro notes that the money is genuine, news agencies report.
Is the euro good for Europe?
The euro has existed as a currency for over five years now, and notes and coins have been in circulation for over two. This article asks whether the coin of the realm in 12 European countries has accomplished its goals.
Tumpel-Gugerell on the Single Euro Payments Area
In the speech 'Time to act: clear objectives and a convincing roadmap for the Single Euro Payments Area' given on 6 September, Gertrude Tumpel-Gugerell of the ECB said to achieve the Single Euro Payments Area, it's best for the European Payments Council…
Hungary cuts rates by half percent
The central bank of Hungary reduced the base rate by half a percentage point, from 11.5 percent to 11 percent, when it met on 16 August. While the central bank pointed to improvements in the economy as the cause, it is thought that a desire to weaken the…
Slovakia budget points to euro entry hopes
Slovakia is hoping to adopt the euro in January 2009, according to a report on the new draft budget, depending on inflation and government finances being kept under control.
News Analysis: Euro cash in demand
Nick Carver reports on the sharp rise in euro banknotes in circulation.
Hungary cuts rates by half percent
The central bank of Hungary reduced the base rate by half a percentage point, from 11.5 pe rcent to 11 per cent, when it met on 16 August. While the central bank pointed to improvements in the economy as the cause, it is thought that a desire to weaken…
Duisenberg plans visit to Kuala Lumpur
Former European Central Bank President Wim Duisenberg will visit Kuala Lumpur in September to deliver a talk on "The Euro and Asia", to be hosted by ABN AMRO Bank Bhd, the Malaysian Dutch Business Council (MDBC) and the Royal Netherlands Embassy, Bernama…
NBP urges faster spending cuts for euro in 2009
Poland should move ahead quicker with its spending-reduction plan to cut the budget deficit and allow the largest new European Union member to adopt the euro before 2009, deputy governor of the National Bank of Poland (NBP) Krzysztof Rybinski said.
Dutch and Belgians plan to scrap small change
The Netherlands and Belgium have indicated that they will soon scrap the one and two cent euro coins, EUobserver reports.
Prodi defends independence of ECB
Italian Prime Minister Silvio Berlusconi and his compatriot Romano Prodi, president of the European Commission, have locked swords over the strength of the euro and European Central Bank interest rate policy during the G8 summit of industrialized nations…
Interview: Leszek Balcerowicz
In conversation with the editor, the president of the National Bank of Poland explains why he believes in taking the shortest route possible to the euro.
Interview: Christodoulos Christodoulou
Cyprus is ready to be one of the first accession countries to join the euro, says governor of the Central Bank of Cyprus.
Convergence report
Wayward deficits in the larger economies have forced a retreat from earlier dates for joining the euro. Analysis of central bank strategies, speeches and statistics suggest that Slovenia, Cyprus and the Baltic states will vie to be the first in.
SNB's Roth: Euro's positive global influence
Swiss National Bank (SNB) governing board chairman Jean-Pierre Roth said that the euro has had a "positive global influence", including on Switzerland, since its introduction in 1999.
Padoa-Schioppa on European financial integration
In the panel session "Drivers of European Financial Integration - Markets or Policy?" at the ECB-CFS research network on 11 May Tommaso Padoa-Schioppa said the central bank of the euro has provided a fundamental contribution to the integration of…
ECB's Tumpel-Gugerell on five years of the euro
In a speech on 'Five Years of the Euro: Successes and New Challenges' given on 14 May, Gertrude Tumpel-Gugerell of the ECB said sharp swings in the foreign exchange value of the euro are having an impact on the eurozone economy.
Trichet on the international role of the euro
In a speech on 'The international role of the euro' given on 14 May, Jean-Claude Trichet of the ECB said the position on currency developments spelled out in the last two G-7 communiques in February and April remains valid.
ECB signs agreement with Interpol
The President of the ECB, Jean-Claude Trichet, and the Secretary General of Interpol, Ronald K. Noble, have signed an agreement aimed at ensuring effective co-operation between both parties in the protection of the euro and the fight against…
Issing says rate split suggestions 'sci-fi'
European Central Bank (ECB) chief economist Otmar Issing expressed concern on Thursday 29 April about sluggish growth in the 12-nation eurozone and dismissed suggestion of splits in the ECB over interests rates as "science fiction."
Chicago Fed's Moskow on five years of the euro
In opening remarks to the "Five Years of the Euro: Successes and New Challenges" Conference given on 26 April Michael Moskow of the Federal Reserve Bank of Chicago said the five-year-old shared euro currency continues to pose challenges for its member…