When Will the 'Euro' be in Our Pockets? |
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Page 2
... ins ' ) and those joining the Euro area at a later stage ( the ' pre - ins ' ) . The topic was the focus of discussions at the Council meeting ( economic and financial affairs ) held in Verona on 13 April 1996. There was full consensus ...
... ins ' ) and those joining the Euro area at a later stage ( the ' pre - ins ' ) . The topic was the focus of discussions at the Council meeting ( economic and financial affairs ) held in Verona on 13 April 1996. There was full consensus ...
Page 3
... pre - ins ' will join the Euro area on the same terms as the first entrants ; • the system should be attractive and offer active monetary solidarity ; ⚫ the system should be flexible and should be able to cope with differ- ent degrees ...
... pre - ins ' will join the Euro area on the same terms as the first entrants ; • the system should be attractive and offer active monetary solidarity ; ⚫ the system should be flexible and should be able to cope with differ- ent degrees ...
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Common terms and phrases
15 Member become operational brief but concise Central Bank ECB changeover circulation and withdraw Community conditions for taking conduct foreign exchange convergence criteria conversion rates countries which meet currencies by speculators ECB and ESCB economic and monetary economic convergence economic policies ecu basket EMU begins Euro area Euro coins Euro notes Europe European Central Bank European Commission European Monetary Institute European Monetary System European System European Union signed excessive deficit foreign reserves frame and implement Frankfurt-based GOVERNMENT DEBT government deficits gradually to put irrevocably fixed January join the Euro latest Maastricht Madrid European Council Monetary Institute EMI monetary union national central banks national governments notes and coins operations in Euros participating countries pean POCKETS possible in 1998 practical terms pre-ins price stability put Euro reference ratio separate national currencies single currency single market single monetary policy System of Central Treaty on European uncertainty about interest withdraw national