Euro
Euro should rise, ECB has no leadership dilemma
GERMANY - The euro's weakness on foreign exchange markets is attributable partly to the fact that the single European currency is young, German Finance Minister Hans Eichel told a newspaper Thursday.
ECB Working Paper
RESEARCH - ECB Working Paper titled 'Some stylised facts on the euro area business cycle' by Anna-Maria Agresti and Benoit Mojon, December 2001.
IMF Koehler says political unity crucial to euro
US - International Monetary Fund Managing Director Horst Koehler said Friday that "sorting out" to process of political integration in Europe will be key to reviving a persistently weak euro.
First euro coins to be rolled out today
NETHERLANDS - Preparations for the changeover to euro notes and coins take a key psychological step forward today as citizens of France, Ireland and the Netherlands become the first in the eurozone to get their hands on the new euro coins.
Speech by Governor of the National Bank of Belgium
SPEECH - Speech by Guy Quaden, Governor of the National Bank of Belgium in Ottawa, 30 November. In the speech titled 'The Monetary Policy of the European Central Bank and the Economic outlook in the Euro Area' Guy Quaden said that the introduction of…
Speech by Wim Duisenberg, President of the ECB
SPEECH - Speech by Dr. Willem F. Duisenberg, President of the European Central Bank. In the speech titled 'Current fiscal and monetary policy issues in the euro area' Wim Duisenberg repeated that exerting political pressure on the central bank would…
Profits deal means euro will not be backed by gold
SPECIAL CBNET REPORT - One result of the deal to distribute the profits of the euro is that the euro will be an almost entirely paper-backed currency.
Distribution of euros to start tomorrow
GERMANY - The mass distribution in Europe of new cash in euros begins tomorrow, when France, the Netherlands and Ireland begin to sell packets of euro coins to the public. Other countries will follow in the days ahead.
ECB Monthly Bulletin, December 2001
REPORT - The European Central Bank has published its Monthly Report for December 2001, released 12 December. The report said euro zone growth was likely to stay weak early next year but that an upturn was expected over the course of 2002.
Speech by Jean Claude Trichet of Banque de France
SPEECH - Speech by Jean Claude Trichet, Governor of the Banque de France, at the NIKKEI Euro Symposium, London, 5 November.
Spain to greet euro with video projection, TV show
SPAIN - Spain will welcome euro notes and coins 31 December 2001 with a television show and coordinated video projections in major squares across the country.
CNB to change internal structure as of 2002
CZECH REPUBLIC - The Czech National Bank's (CNB) organisational structure will change as of 1 January 2002, and the Bank Board should deal solely with monetary issues and monetary-political decisions, says the latest edition of the Euro weekly, due out…
Practical issues arising from the euro
RESEARCH - The Bank of England today, Friday, published its semi-annual booklet 'Practical issues arising from the euro' December 2001 issue.
ECB Press Release
PRESS RELEASE - European Central Bank Decisions on the issue of euro banknotes and on the allocation of monetary income, 6 December 2001.
ECB holds rates steady
EUROPE - The European Central Bank (ECB) has left its key interest rate unchanged at 3.25% on Thursday at its last meeting before the introduction of euro notes and coins in January.
ECB Noyer - Little M3 impact from euro changeover
GERMANY - European Central Bank Vice President Christian Noyer said Thursday that the bank doesn't expect the changeover to euro notes and coins next year to have a significant impact on M3 money supply growth.
Duisenberg - Current ECB rates appropriate
GERMANY - European Central Bank President Wim Duisenberg Thursday justified the central bank's decision to leave interest rates unchanged by saying recent data confirmed the ECB's view that there are no immediate dangers for price stability in the euro…
Bank of France euro workers go on 24 hour strike
FRANCE - Bank of France workers responsible for distributing euro notes went on strike for 24 hours on Tuesday, the latest in a series of labour disputes to disrupt the introduction of the single currency in France.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan before the Euro 50 Group Roundtable, Washington, D.C., 30 November.
ECB post findings on how rate moves affect economy
GERMANY - Ordinary Europeans may quickly get used to the new euro notes and coins that begin circulating in a few weeks, but it may be years before the European Central Bank fully understands the functioning of the new economy created by the common…
Economists can indeed 'conclude otherwise' on euro
LETTER - A letter published in the London edition of the Financial Times on 29 November.
Irish government hold on c bank gov post must end
ARTICLE - It is likely the Government will appoint a new governor for the Central Bank of Ireland within the next few months. Although the incumbent, Mr Maurice O'Connell, was appointed to a second term earlier this year, it is understood that he will…
Speech by Otmar Issing of the ECB
SPEECH - Speech by Professor Otmar Issing, member of the Executive Board of the European Central Bank at the CEPR/ECB Workshop on issues in the measurement of price indices, Frankfurt, 16 November.
Buba Welteke: Euro undervalued, dollar overvalued
JAPAN- Deutsche Bundesbank President Ernst Welteke said Wednesday that while foreign exchange rates are decided by the market, the euro is undervalued against the dollar.