Euro
The single monetary policy in the euro area
REPORT - The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures, (update of the November 2000 edition), European Central Bank, April 2002.
Ireland asks - Please be gentle with your euros
IRELAND - The new euro notes are taking a battering in Ireland. Despite being in circulation only four months some of them have deteriorated to such an extent that they will have to be replaced.
Speech by Wim Duisenberg, ECB President, 19 Apr
SPEECH - In the speech titled 'Some remarks on the euro in a US context' Duisenberg said the success of the European Central Bank's monetary policy must be judged over a "sufficiently extended period" of time.
ECB report says conditions right for recovery
GERMANY - European Central Bank chief Wim Duisenberg said on Tuesday conditions were right for a euro zone economic recovery although there was still uncertainty about its strength.
Money and Inflation in the Euro Area
RESEARCH - Paper by Stefan Gerlach of the Hong Kong Monetary Authority and Lars E.O Svensson of Princeton University, April 2002.
Euro position remains cautious - UK chancellor
UK - The five economic tests which will be used to measure whether it is in Britain's interests to join the euro mustn't be fudged, Chancellor of the Exchequer Gordon Brown said Friday.
Speech by Dr Wellink, Nederlandsche Bank, 13 Mar
SPEECH - In the speech titled 'EU expansion and EMU' Wellink said that European interests are Dutch interests and warns against premature changeover to the euro of new Member States into the Union. "The surrender of exchange rate flexibility and the euro…
ECB reform to cap votes not council size - Report
GERMANY - The European Central Bank wants to limit, through rotation, the number of governing council members that can vote on monetary policy after euro zone enlargement, a German newspaper reported on Thursday.
Speech by Ulrich Kohli, Swiss Nat Bank, 26 Feb
SPEECH - Kohli concludes in a speech titled 'Will the Euro Make the Swiss Franc Obsolete?' that as long as the SNB maintains an independent course of action, it will uphold the reputation of the Swiss franc as a safe and sound currency, and it will…
ECB's Duisenberg-euro's reserve role slowly rising
SPAIN - The euro's use as an international currency is rising but only gradually, European Central Bank President Wim Duisenberg said on Sunday.
Papademos has strong support for ECB job - Rato
SPAIN - Many euro zone finance ministers back Bank of Greece Governor Lucas Papademos to replace European Central Bank Vice President Christian Noyer, Spanish Economy Minister Rodrigo Rato said on Friday.
ECB sees upturn but slower CPI decline
GERMANY - The European Central Bank on Thursday maintained its assessment that the euro zone economy was recovering but said high oil prices could lead to slightly higher inflation than predicted earlier this year.
Danish business expects Euro entry within 3 years
DENMARK - Danish managers expect Denmark to be join the euro by 2005 according to a poll by Green Analyseintitute carried out for the Danish business daily, Borsen.
Speech by Eva Srejber of Sveriges Riksbank, 9 Apr
SPEECH - In the speech titled 'Experiences from the cash changeover in the euro area' Srejber says we have alot to learn from the twelve countries who have already implemented the introduction of the euro and this will be of considerable assistance in…
ECB holds key interest rate unchanged at 3.25 pct
GERMANY - The European Central Bank left interest rates unchanged on Thursday, reinforcing expectations its easing cycle had ended with the euro zone economy now on track to recovery.
The big problem of small change
FEATURE - It is a curious fact, writes Paul Podolsky in Thursday's Wall Street Journal Europe, that the world's most trusted currency, the dollar, represents a claim on an asset no more tangible than the faith of the U.S. government. The same is true for…
Keep floating, stop worrying
FEATURE - The real case for an independent pound has nothing to do with ultra-nationalism or hostility to Europe writes Samuel Brittan in Thursday's Financial Times. He suggests the British government allow use of the euro as a parallel currency and…
Dollar falls, Fed's McDonough says it's overvalued
US - The dollar slid more than half a cent against the euro and more than 2/3 of a yen Tuesday after New York Federal Reserve President William McDonough said the dollar may be "a little" overvalued.
Phasing out the euro with e-money
FEATURE - Now that the physical euro has been successfully introduced, it is time to press ahead with the next phase - getting rid of the physical euro.
Speech by Dr Wellink, Nederlandsche Bank, 12 Mar
SPEECH - In the speech titled 'The Euro, a major challenge and catalyst for Europe' Wellink said that he saw little effect on euro-zone inflation from the physical introduction of the euro and said the euro was "on the low side" historically but noted a…
ECB start raising rates by autumn - Kiel institute
GERMANY - The Kiel Institute for the World Economy IfW, one of Germany's six leading economic research institutes, said on Thursday it expected the European Central Bank to start raising rates in autumn 2002 in response to strengthening euro zone…
IMF sees EU candidates joining euro earliest 2008
POLAND - The Internationl Monetary Fund (IMF) said on Thursday that it would take European Union candidates as long as four years to join the euro zone after planned EU accession in 2004.
History shows East Europe pitfalls on way to euro
FEATURE - Investors are already betting Eastern Europe's road to the euro will be remarkably short, but the history of European monetary union shows just how many hairpin bends and potholes still litter the way.
Duisenberg sees inflation below 2 pct in May
NETHERLANDS - European Central Bank President Wim Duisenberg said on Friday he expected euro zone inflation to fall below its two percent tolerance ceiling in May 2002.