urope's Economic and Monetary Union (EMU) is in much better shape today than it was before the financial crisis. However, despite progress, particularly as regards reinforcement of the economic governance and the launch of the Banking Union, the EMU remains incomplete. Divergence in economic performance across the euro area is
Tag: ECB
ECB: memorandum of understanding on new EUR 20 banknote
he European Central Bank signed a memorandum of understanding (MoU) with European industry associations, banknote equipment manufacturers and other partners. This strengthens the ECB’s Partnership Programme, which contributed to the smooth introduction of the new €10 banknote in 2014. Memorandum of understanding aims to ensure machines and devices across the euro
International use of the euro
he euro was increasingly used as a funding currency by international borrowers in 2014 and early 2015, compared with the previous review period, while the share of the euro in foreign exchange reserves remained broadly stable. These are among the main findings of the report on “The international role of
How EU legislation gets created?
he media often report on how Brussels has decided on a new piece of legislation, but this is a simple version of what is a very complicated process. Parliament became a central part of the EU decision-making process when the co-decision procedure was introduced in 1992. Under the co-decision procedure, a
ECB: Euro Money Market Study 2014
he European Central Bank (ECB) is publishing its biennial report entitled “Euro Money Market Study 2014”. This study focuses on euro money market developments during the second quarter of 2014 and compares them with the second quarters of previous years. The euro money markets are in a healing phase following the
Eurosystem and Central Bank of Montenegro completed programme
The European Central Bank (ECB) and the Central Bank of Montenegro (CBCG) completed a technical cooperation programme supporting the CBCG in its preparations for joining the European System of Central Banks (ESCB), which comprises the central banks of all European Union (EU) Member States, once the country has qualified for
EC and EIB launch FI-compas
he European Commission, in partnership with the European Investment Bank (EIB), is launching fi-compass, a new advisory service on financial instruments for the European Structural and Investment Funds. This service is part of the "one stop shop" advisory hub, to be launched as an important part of the EU Investment Plan. The work
Euro changeover in Lithuania
Euro changeover in Latvia
Latvia adopted the euro on 1 January, thus becoming the 18th member of the euro area. The changeover is proceeding according to plan. According to a recent Commission survey, already two-thirds of cash payments in shops were made in euro only on the fourth changeover day (Saturday 4 January). Virtually all
ECB’s monetary policy decisions
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.
Q&A: The protection of EU financial interests and the fight against fraud
ECB report: Fall in card fraud
Card fraud has been on a declining trend since 2007, thanks to technological advances that are making transactions safer. This is the main conclusion of the second report on card fraud published today by the European Central Bank (ECB). However, fraud is migrating to countries where the technology remains less