Euro
Blair's euro ambitions in danger
A article in the Financial Times suggests that Tony Blair's euro ambitions are in danger from the five economic tests and the latitude given to the chancellor of the exchequer by the prime minister.
Bundesbank's Stark unconcerned about euro rise
In an interview Vice President of the Bundesbank reported by Reuters, Juergen Stark said the global economy was not heading towards a major crisis and pointed to the fact that a strong euro made imports - particularly oil - cheaper, stimulating the…
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In this week's Special Feature CentralBankNet presents extracts from an exclusive interview with Professor Manfred Neumann of the University of Bonn. In the interview Professor Neumann spoke to Central Banking journal's Editor Robert…
HKMA's Euro Clearing System goes live
The Hong Kong Monetary Authority's new Euro Clearing System will process its first transaction on 28 April. The key functions of the Euro Clearing System will include an interbank Real Time Gross Settlement (RTGS) system.
UK tests for joining the euro
An article in the Financial Times suggests the UK government's assessment of whether the economic tests for membership of the euro have been passed will be important, even though it is widely expected that the tests will not have been passed. The…
Travelex loses court battle over euro symbol
Following the court action by British bureau de change Travelex, a verdict was reached on Thursday 10 April, according to Business & Finance. Travelex claimed that they owned the "€" euro symbol, had used it since 1989 and that the ECB's use of it…
Riksbank's Irma Rosenberg attends EMU seminar
Sveriges Riksbank Deputy Governor Irma Rosenberg said at a seminar that it is important to safeguard long-term stability in EMU.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In an exclusive interview with CentralBankNet.com, Professor Fatih Ozatay, the vice-governor of the Central Bank of the Republic of Turkey, explains how the war in Iraq is affecting the central bank, and what it is doing to mitigate…
Irish central bank- Euro economies underperforming
The governor of the Central Bank of Ireland, John Hurley, has described the current period as a time of exceptional uncertainty in the world economy. In a speech delivered in Dublin and reported by Dow Jones Newswires, he said the outlook for global…
ECB's Issing sees continued euro volatility
Otmar Issing of the ECB said on Tuesday March 25 that continued uncertainty would have an impact on the euro exchange rate, according to an Online report. He also said the euro is a candidate for a strong international role. But that we should not forget…
Bank of Israel looks for buyer of Euro Trade Bank
The Bank of Israel is on the lookout for potential buyers for the Privately owned Euro Trade Bank. Motivated by concerns for its stability, the central bank is not having much success, however.
Trichet on European Monetary Union and the euro
SPEECH - In the speech 'The European Monetary Union and the euro' Jean-Claude Trichet of the Bank of France stressed the importance of transparency for the conduct of the euro-zones single monetary policy. "Elected authorities, key economic players, as…
Kenya's ex-central bank chief hits back at critics
On Wednesday CentralBankNet reported the resignation, and prompt replacement, of Kenyan central bank chief Nahashon Nyagah over the Euro Bank affair. Now a report quotes Nyagah as denouncing what he called, the "orchestrated" campaign to oust him.
Issing on the euro - a stable currency
SPEECH - In the speech 'The euro - a stable international currency' Otmar Issing of the European Central Bank said the brief history of the ECB is already a success story.
Kenyan central bank governor defends himself
The governor of Kenya's central bank has excused himself from blame in the Euro Bank case. Nahashon Nyagah said the central bank acted professionally in the case.
Trichet offers UK support on euro entry
Bank of France governor Jean-Claude Trichet has said he would welcome Britain's participation in the euro single currency at the earliest opportunity.
Poland sets new inflation target
The Polish central bank has reduced interest rates and at the same time set a new inflation target. The move is aimed at guaranteeing Poland joins the euro zone at the earliest possible date of 2007.
Duisenberg: ECB may cut rates further
Speaking at the weekend Wim Duisenberg suggested the ECB could cut interest rates further and said a weakened outlook for the euro zone economy could reduce inflationary pressures.
ECB Press Release
PRESS RELEASE - Financing and financial investment in the euro area in the third quarter of 2002, 19 February.
Interest rate warning on euro entry
Bank of England MPC member Kate Barker has called into question the economic case for joining the euro citing "difficulties in the European policy background and problems with the UK exchange rate".
German economy stagnant, says Bundesbank
Germany appeared to move a step closer to a new recession Monday when the Bundesbank estimated that the euro zone's biggest economy contracted slightly in the fourth quarter of last year.
Prodi urges more flexibility on Pact
European Commission president, Mr Romani Prodi, has called for more flexible rules governing the 12-nation euro zone, amid warnings that war on Iraq could throw the region's economy further off course. Prodi famously referred to the Pact as 'stupid'…
Poland to join euro zone in 2007- finance minister
Finance Minister Grzegorz Kolodko reiterated that Poland could meet Maastricht convergence criteria in 2005 and join the euro zone in 2007.
ECB Monthly Bulletin, February 2003
REPORT - The European Central Bank published its February 2003 Monthly Bulletin on 13 February. This issue contains two articles. The first addresses the interactions between the single monetary policy and fiscal policies in the euro area. The second…