Europe
Speech by Susan Schmidt Bies of the Fed, 28 Feb
SPEECH - In the speech titled 'Strengthening the Financial System of the 21st Century through Sound Accounting and Disclosure' Bies said "It has become clear in recent months that some companies have not been completely transparent in their application…
Final day for euro changeover
EUROPE - Two months after it was introduced as a cash currency on 1 January 2002, the euro will finally become the sole legal tender in the 12 countries in the eurozone.
Currencies consigned to history
FEATURE - "A piece of Europe in our hands" is how Romano Prodi, president of the European Commission, greeted the launch of the euro.
Manchester United player joins eurozone collection
FEATURE - Ole Gunnar Solskjaer from Manchester United has teamed up with the United Nations Children's Fund (UNICEF) on his return from Europe to collect soon-to-be obsolete currency.
Speech by Eva Srejber of Sveriges Riksbank, 13 Feb
SPEECH - In the speech titled 'A reunited Europe - the roles played by Sweden and the Riksbank' Srejber said "When the Riksbank makes its inflation forecasts, central and eastern Europe will move gradually from being a brief footnote to becoming an…
Some EU countries already vying for No. 2 ECB spot
EUROPE - Just days after Wim Duisenberg announced he would resign next year as president of the European Central Bank, some countries began suggesting they would like one of their own in the central bank's No. 2 seat, which opens up at the end of May…
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.
Duisenberg to leave ECB in July 2003
EUROPE - Wim Duisenberg, the Dutch president of the European Central Bank, is to resign next year.
Eurozone interest rates unchanged
EUROPE - The European Central Bank (ECB) has left its key interest rate unchanged at 3.25%.
ECB on collision course over plan to regulate EU
EUROPE - The European Central Bank has put itself on a collision course with European financial regulators, including Britain's Financial Services Authority, over the ECB's ambitions to play a role in banking supervision.
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.
Reform of EU securities rules moves a step closer
EUROPE - The European parliament yesterday took a decisive step towards acceptance of the Lamfalussy plan for speeding the reform of European Union securities market regulation.
A question of balance at the ECB
ARTICLE - Although the European Central Bank is independent and sets policy on a eurozone-wide basis, a huge effort is made to keep representation of the constituent nations in balance.
European Commission predict eurozone rebound
EUROPE - The eurozone economy may have shrunk during the last three months of 2001, but it is due for a rapid rebound, the European Commission has calculated.
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.
ECB chief: Prices safe from euro launch
EUROPE - Fears of rising prices across Europe as retailers cash in on the change to the euro have been confounded, according to the head of the European Central Bank.
Treasury publishes annual update on convergence
The Treasury last week published, and submitted to the European Commission,the UK's 2001 Convergence Programme, "Maintaining Economic Stability".This is the fourth annual update to the UK Convergence Programme publishedin line with the EU Stability and…
Singing the euro's praises
EURO - The achievement of introducing the euro received praise from the IMF and tinges of regret have been observed in countries choosing not to be part of it. In the eurozone itself measures were being taken to combat over-eagerness for the new currency.
Eddie George doubtful on euro
UK - Sir Edward George, the governor of the Bank of England, has pitched into the ongoing debate about potential British entry into the euro, saying that a single economic policy across Europe was a "disadvantage".
Euro notes seek forgery protection
EUROPE - Two of Europe's biggest chip developers may be working with the European Central Bank (ECB) to include tiny radio transceivers in high-value euro banknotes.
5m euros are stolen in three months
EUROPE - Armed gangs and other criminals have stolen Euros 5m ( £3.1m) in the three months since minting and printing of euro notes and coins began, and the situation is set to worsen, European police have warned.
Euro Profits Bonanza
CENTRALBANKNET SPECIAL REPORT - Europe's national central banks stand to profit to the tune of billions of euros as a result of retiring Europe's existing paper currencies and introducing a single currency.
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.
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.