Euro
Fears that euro ATMs will run dry
UK - The stock of euro notes in banks' cash machines is in danger of running out in the first weeks of the new currency's launch on 1 January, bankers have warned.
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.
Monetary Policy Transmission in the Euro Area
CONFERENCE - Monetary Policy Transmission in the Euro Area, at the ECB (by invitation only), 18-19 December 2001.
Euro notes can be washed - But not at 90 Celsius
ARTICLE - If you wash your euro notes, make sure you don't do so at 90 degrees Celsius.
Euro launch reaches its final phase
ARTICLE - Securitas GmbH, a German armoured-car company, has suffered only a few mishaps since it began hauling the new euro cash in September. Some workers threw out their backs lugging the 20-kilo sacks of coins. Others accidentally dropped the heavy…
Germans snap up euro kits
GERMANY - Euro coins have gone on sale in Germany, accompanied by celebrations in several major cities.
Euro launch boon for US tourists
US - In more normal times, American interest in the introduction of the euro currency might spark a fair amount of attention.
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.