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Tag: Eurosystem

Financial crisis: 10 years later

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financial crisis economic economy fiscal debt morgage piggy bank broken Coronavirus crisis should not be compared to GFC 2008

The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Stimulatory and fiscal actions by national governments and the EU, and the Eurosystem’s loose monetary policy, helped

Global Economy: 10 Predictions in 2019

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he global economy started 2018 with strong, synchronized growth. But as the year progressed, momentum faded and growth trends diverged. The US economy accelerated, thanks to fiscal stimulus enacted early in the year, while the economies of the Eurozone, the UK, Japan and China began to weaken. These divergent trends

EU Battery Alliance: Establishing European battery manufacturing

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One year on from the launch of the European Battery Alliance (EBA), the Commission Action Plan is in place, the first pilot production facilities are being built and further projects are announced to establish the EU as the lead player in the strategic area of battery innovation and manufacturing. atteries will be as

ECB unveils new € 100 and 200 euro banknotes

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The European Central Bank (ECB) unveiled the new 100 and 200 euro banknotes, which will enter into circulation on 28 May 2019. After the €5, €10, €20 and €50, the €100 and €200 banknotes are the last two denominations of the Europa series, and therefore mark its completion. he new €100

Euro changeover in Lithuania

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The euro has become the sole legal tender in Lithuania, after two weeks in which payments could also be made in litas, with change being given in euros. This brings to a close many months of preparation by the Lithuanian authorities with support from the Eurosystem as well as the

ECB’s monetary policy decisions

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Monetary Policy Decisions: At the Governing Council meeting, held on November 7th 2013, ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.25%, starting from the operation to be settled on 13 November 2013.

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