The upcoming introduction of the euro
Published:
3 September 2001 y., Monday
Euro is more than just a currency -- [it is] without doubt the greatest achievement of European integration, a symbol of stability and unity. The introduction of euro notes and coins on January 1 will be a momentous occasion.
Fears of counterfeiting are real but should not be exaggerated. With its state-of-the-art security features, the euro banknote is far more sophisticated than the U.S. dollar bill. The bank has devised its own slogan of 'Look, Feel, Tilt' as a reminder of the notes' security strips, raised lettering and fancy holograms. Its practical approach is reassuring.
The euro is clearly about more than just money. But the public also needs to be assured that this is a normal currency. With its quarter-point interest rate cut on Thursday, the ECB helped matters by showing that it was a forward-looking central bank prepared to loosen monetary policy when price stability is not at risk. That should help to increase Europeans' confidence in the single currency just as they prepare to take a leap of faith.
Šaltinis:
Financial Times
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »