Euro
Polish central bank - Support early euro entry
POLAND - The European Union should encourage new members of the bloc to adopt the euro as their national currency as early as possible, the president of the Polish central bank said Monday.
ECB Press Release
PRESS RELEASE - Monetary developments in the euro area: January 2002, 27 February 2002.
Fake note scam hits 50 shops
IRELAND - Forged euro notes were handed in to 50 Irish businesses last week, it emerged yesterday.
Polish c bank says early euro benefit to E Europe
POLAND - The early adoption of the euro by European Union accession countries will reduce economic turbulence in those nations and will not damage confidence in the single currency, Polish central bank governor Leszek Balcerowicz said on Monday.
Chinese c.bank chief says supports stable euro
CHINA - China's central bank governor Dai Xianglong said on Monday Beijing supports a stable euro but that he did not understand why the unified currency had lost value to the dollar since its inception.
Duisenberg sees global recovery, risks remain
GERMANY - European Central Bank President Wim Duisenberg said on Monday he expected a mild recovery of the global economy this year with euro zone growth reaching its long-term potential by the end of 2002.
Anger at Hain over timetable for joining euro
UK - The UK Treasury has signalled its anger at Peter Hain, the minister for Europe, for laying out a possible timetable for euro membership.
ECB eyeing council revamp ahead of enlargement
GERMANY - The European Central Bank is studying draft proposals on how the bank should be governed once several eastern European nations join the euro zone later this decade, a newspaper said on Wednesday.
UK could join euro in less than 2 years
UK - Britain could introduce euro notes and coins less than two years after a single currency referendum, Peter Hain said on Tuesday.
Speech by Christian Noyer of the ECB
SPEECH - Noyer called the speech 'Success factors of the euro and the ECB' and said the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound, 13 February.
ECB Feb bulletin - Reiterates Duisenberg remarks
GERMANY - The European Central Bank Thursday repeated that interest rates in the euro zone remain at an appropriate level and that it expects a gradual economic recovery this year.
ECB's Noyer - Euro Undervalued Vs Dollar
EUROPE - European Central Bank Vice President Christian Noyer said Wednesday the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound.
Place your bets - Eddie George for ECB president
GERMANY - The governor of the Bank of England may be cautious about joining the euro currency club, but he already stands a slim chance of becoming its next president, according to spread betting firm Financial Spreads.
ECB Press Release
PRESS RELEASE - ECB recognises partners' valuable contribution to the smooth introduction of the euro banknotes and coins 5 February.
Monetary developments in the euro area
REPORT - Monetary developments in the euro area: December 2001, released by the European Central Bank, 28 January.
Wellink - Euro may add 0.25% to Dutch inflation
NETHERLANDS - Dutch Central Bank President and European Central Bank governing council board member Nout Wellink said Monday he expected the introduction of the euro to add around a quarter of a percentage point to inflation in the Netherlands.
ECB head predicts harmonisation call
EUROPE - Wim Duisenberg, European Central Bank president, yesterday forecast the introduction of euro notes and coins would lead to public demand for more harmonisation in the European Union, with particular focus on taxes.
ECB sees gradual recovery in 2002, lower inflation
GERMANY - The European Central Bank said on Thursday the euro zone economy showed signs of a recovery later this year and reiterated inflation should drop safely below its two-percent ceiling.
Voters 'will back euro' if economic tests passed
UK - Tony Blair would win a euro referendum just by saying that Britain had passed the five economic tests for joining, according to a poll published on Wednesday.
French firm sues over euro notes
FRANCE - Have euro notes design breached copyright? A French company claims a map of Europe printed on every euro bank note breaches a copyright it owns on the design. The ECB does not agree.
BIS research papers
RESEARCH - Research from the BIS 'Comparing monetary policy operating procedures across the United States, Japan and the euro area', Monetary and Economic Department, Bank for International Settlements, December 2001.
ECB - Over 90% of banknotes now replaced by euro
GERMANY - The amount of euro banknotes in circulation has reached more than 90% of the estimated number needed to replace the national banknotes circulating in the euro zone in 2001, the European Central Bank said Friday.
Let pounds and euros compete
ARTICLE - For well over a decade there has been a ceaseless political battle over whether Britain ought to join the euro. The introduction of euro notes and coins at the beginning of this year has raised the decibel level of the controversy but has not…
Shoppers and forgers move to euro
EUROPE - Two weeks after the launch of euro notes and coins, more than 90% of transactions in Ireland are being made in the currency, the country's official changeover body said.