ERM II
Bulgarian MPs re-elect Radev as governor
Governor had served two years past end of first term amid prolonged political crisis
Hungary’s Simor tells critical government to curb debt
National Bank of Hungary governor András Simor says high external and government debt levels must be corrected; central bank adds that growth cannot be financed through foreign borrowing anymore
Euro an anchor of stability: Austria’s Nowotny
Austrian National Bank’s governor says euro-area economic activity could surpass the US
Estonia to meet eurozone inflation target by end of 09
Baltic state “eager and willing” to fulfil Maastricht criteria, says central bank economist
Lats peg under spotlight once again
Rumours of devaluation resurface following government move to limit debt burden, but state officials say will maintain euro peg
No uniform path to euro
There is no one-size-fits-all euro adoption policy available for the eight new EU countries from Central and Eastern Europe, finds a new paper from the Bank of Estonia.
EU sets euro exchange rate for Slovakia
The European Commission on Tuesday finalised Slovakia's bid to join Europe's single currency, fixing the koruna's conversion rate at 30.1260 to the euro.
Albania's Fullani on prospective ERM II members
In the speech 'Concerns of the prospective ERM II members' given on 15 December Ardian Fullani of the Bank of Albania said as a pre-accession country, Albania will be facing ERM II problems in the medium term.
Slovakia's Sramko named central banker of 2006
The governor of the Central Bank of Slovakia, Ivan Sramko, has been named as The Banker magazine's its Central Banker of the Year for 2006.
Comment: Euro adoption order changes
Slovakia's decision on Friday 25 November to join the Exchange Rate Mechanism II (ERM II) with immediate effect took markets by surprise. Policymakers had been saying they were aiming at mid-2006 for joining the ERM II, which serves as a crucial…
Slovakia joins ERM-II
Slovakia has joined the Exchange Rate Mechanism 2 (ERM-II), the Hospodarske noviny daily wrote.
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.
New Member State NCBs included in ERMII agreement
As of 1 May 2004, the National Central Banks of the ten new Member States of the European Union have become parties to the ERM II Central Bank Agreement.
Interview: Michael Bonello
Having successfully defended its peg for 30 years, Malta appears well placed to join ERM II. The governor of the Central Bank of Malta outlines the path to the eurozone and the pitfalls along the way.
ECB release forex rules for acceding central banks
The European Central Bank has released a paper which spells out how accession country central banks must manage their currencies in the run up to joining the euro.
Padoa-Schioppa on the euro and the role of ERM II
SPEECH - In the speech 'Trajectories towards the euro and the role of ERM II' made on 4 November, Tommaso Padoa-Schioppa of the ECB said ERM II should be seen as a meaningful framework within which to achieve further real and nominal convergence. In…
Hungary Jarai-wider euro/forint band in 12-18 mos
The Hungarian forint's trading band could be widened in 12 to 18 months, recently appointed central bank governor Zsigmond Jarai told business daily Vilaggazdasag in an interview published Mar 8, 2001.
Slovak exchange rate mechanism to change for EU
Slovakia has to change its exchange rate regime before joining the European Union, Slovak Finance Minister Brigita Schmoegnerova said on Feb 25.