Extractions: The process of bringing the economies of the EU member states into line, with the ultimate aim of introducing a single currency, is known as economic and monetary union. Roy Jenkins launched the first step towards this goal when, as Commission President in 1979 he launched the European Monetary System. This consisted of the Ecu - an artificial currency unit - and the Exchange Rate Mechanism, which tied European exchange rates together. EMU proper was initiated by the Delors Report, which became the basis for the Maastricht Treaty. This laid out three stages towards building a single European currency: Stage 1 July 1990 - Dec 1993: Stage 2 Jan 1994 - Dec 1998: Stage 3 Jan 1999 onwards In many countries, the Maastricht Treaty faced strong opposition and in the end Denmark and the UK won opt-outs from stage 3 of EMU.
Europe's Fateful Union emu. In just a bit over nine months, the euro will be born, The single currency is a dramatic innovation, but it comes after nearly 50 years of http://www.leftbusinessobserver.com/EMU.html
Extractions: Home Mail Articles Stats/current ... Links LBO In just a bit over nine months, the euro will be born, and the next stage in the process of European economic and monetary union (EMU) will begin. Of the fifteen countries that make up the European Union (EU), eleven (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain) will begin a three-year process of dissolving their national currencies into a single continental one (w hose symbol is shown nearby). Three (Denmark, Sweden, and the UK) are holding off on this step, and one (Greece) just wasn't tough enough to make the cut this time around. That cut was made mainly on the basis of the state of government finances, specifically the budget deficit and the amount of debt outstanding. Few other considerations, like income levels or industrial structures or demographics or culture, entered the picture. Americans accustomed to thinking of Western Europe as a less austere and less orthodox way of doing capitalism should revise those thoughts immediately; Europe is now run by econocrats and central bankers, and it has become the most austere and most orthodox region of the world, with balanced budgets and hard money taking the front seat, and everything else either in the back seat or left behind entirely.
Euro Know - Library Of Speeches He discussed the role of the euro as a reserve currency, become internal trade under emu, the euro s role as an international invoicing currency will be http://www.euro-know.org/speeches/paperschieber1.html
Extractions: BMDF SYNOPSIS The full text is attached of an pertinent speech on 'The International Role of the Euro' which was made by Helmut Schieber, a member of the Directorate of the Deutsche Bundesbank at the 'Euromoney' conference held at Frankfurt on 21 September 1998. He discussed the role of the Euro as a reserve currency, as an investment currency and as a transaction currency and then reviewed some important considerations affecting a satisfactory introduction of the Euro. Among the points Herr Schieber made were: * 'World foreign exchange reserves amounted to around US$ 1.614 billion at the end of March 1998 - the share of the US dollar roughly 61%, the D-Mark roughly 13% [and] European currencies (including balances in private ECU, but excluding Swiss franc) together a share of some 20%. However, a substantial proportion of the reserve assets denominated in D-Mark is held by European central banks which will become part of the ESCB upon entry into Stage Three of EMU. All assets that are denominated in national currencies of the future euro area countries will be converted into euro assets and will lose their character as currency reserves for central banks inside the euro area.
Euro Know - Questions And Answers The euro is the single currency which has replaced French francs, emu is a political matter; it involves a massive loss of sovereignty over the powers http://www.euro-know.org/euroqa.html
Extractions: You are being persuaded to agree to our giving up the pound and putting the Euro in its place. Some powerful voices- the government, the European Commission in Brussels, and a few large multinational businesses- are saying you should. This paper explains why you should not agree- and remember there has to be a referendum so your view does matter, unlike the views of the German people for example who like so many others in Europe were not consulted. The euro is the single currency which has replaced French francs, German marks, Italian liras - and the currencies of the other nine countries of the EU that have decided to join this currency project. On January 1 1999 these currencies were fixed in value against one another and made units of the euro. The notes and coins of the 12 previous currencies were replaced with euro notes and coins early in 2002.
ECB: All Glossary Entries Glossary euro. The name of the european single currency adopted by the european Council Prior to Stage Three of emu, the ECU was a basket currency made up of the http://www.ecb.int/home/glossary/html/glosse.en.html
ECB: Economic And Monetary Union Stage Two of emu, establishment of the EMI and the ECB to name the european currency unit to be introduced at the start of Stage Three, the euro , http://www.ecb.int/ecb/history/html/index.en.html
Extractions: Skip navigation Navigation Path: Home The European Central Bank History Related information Map of euro area The mission of the European Central Bank In June 1988 the European Council confirmed the objective of the progressive realisation of Economic and Monetary Union (EMU). It mandated a committee chaired by Jacques Delors, the then President of the European Commission, to study and propose concrete stages leading to this union. On the basis of the Delors Report, the European Council decided in June 1989 that the first stage of the realisation of economic and monetary union should begin on 1 July 1990. On this date, in principle, all restrictions on the movement of capital between Member States were abolished. The Committee of Governors of the central banks of the Member States of the European Economic Community, which had played an increasingly important role in monetary cooperation since its creation in May 1964, was given additional responsibilities. These were laid down in a Council Decision dated 12 March 1990. Their new tasks included holding consultations on, and promoting the coordination of, the monetary policies of the Member States, with the aim of achieving price stability.
Euro Links apply for european countries which have not converted to euro currency. emu States of Guernsey Information on emu information on how the euro will http://www.icaew.co.uk/library/index.cfm?AUB=tb2i_7032,MNXI_27910
Euro Archive Working with the single currency , and Ready for the euro? States of Guernsey Information on emu information on how the euro will affect Guernsey, http://www.icaew.co.uk/library/index.cfm?AUB=TB2I_59333,MNXI_59333
Euro Special Report - The Links There are links to breaking news, a euro currency converter, Large euro section on this site covers all aspects of the euro and emu in detail with the http://www.financewise.com/public/edit/emu/links/eu-media.htm
Extractions: Large site from the British Broadcasting Corporation aimed at keeping UK citizens regularly informed on how the single currency will affect them. There are links to breaking news, a euro currency converter, an interactive map of those countries involved and analysis and case studies by BBC staff. There are also selected audio and video clips taken from popular programmes.
Accounting Directory - EMU/Euro A Directory of Links to emu/euro Resources. euro 2002 Introduction to the euro currency for Beginners and Professionals euro Brief Overview, emu http://cpateam.com/accounting-emuandeuro.htm
The Hindu : Euro Cash For Euroland Since its inception in 1999, the emu has had a common currency, the euro. But whereas during the first three years of the emu while the euro has remained http://www.hindu.com/thehindu/2001/09/02/stories/06020005.htm
Extractions: Front Page National Southern States Other States ... Next By C. R. L. Narasimhan The countdown to a complete euro regime in the 12 countries of the European Monetary Union (EMU) - Greece joined the original 11 member countries this year - has begun in right earnest. Since its inception in 1999, the EMU has had a common currency, the euro. But whereas during the first three years of the EMU while the euro has remained the common currency it was more a ``book'' currency or a ``virtual'' currency. Euro cash - bank notes - as we understand them have not been in circulation all these three years, even as the euro became the dealing room currency, widely used in inter-bank transactions and commerce. But for the common man in those countries and for travellers to the euro zone the individual currencies have continued to matter. In fact, euro currency notes were not intended to be circulated until three years later. Countries of the EMU continued to deal in their own currencies. Thus, in Germany cash transactions have been in deutschemark, in Italy the lira and so on. Each of these has had a fixed equation to the euro, which has been till date a book currency. So there is more than ordinary excitement when the EMU decides to introduce euro bank notes as legal tender in all the 12 countries of about 300 million people and forming an extremely powerful economic group. The date will be January 1, 2002. Over the next two months thereafter euro notes and coins will be put into circulation. Simultaneously, individual currencies (deutschemark, French franc and the like) will be withdrawn. Sentiment aside, there are tremendous logistics problems. A recent Deutsche Bank research paper (July 26) gives some interesting insights into the euro preparations as they enter the last lap.
Extractions: Academy of Marketing Science Review Accounting Historians Journal, The Accounting History AgExporter ... View all titles in this topic Hot New Articles by Topic Automotive Sports Top Articles Ever by Topic Automotive Sports Give The Euro Greater Currency - Euro to gain credibility by more circulation abroad International Economy, The Nov, 2000 by Martin Hufner Save a personal copy of this article and quickly find it again with Furl.net. It's free! Save it. The euro won't gain credibility until bills and coins circulate widely outside Euroland. Last January, the leaders of East Timor, or, just released from Indonesian rule, made a decision that had a significant impact on the world of global finance. They chose to adopt the U.S. dollar as their currency, rather than the euro. As a former Portuguese colony, East Timor was leaning toward the eurothe successor to the Portuguese currency, the escudo. But the dollar ultimately proved more attractive.
Economic & Financial Review: EMU At 1 Full text of the article, emu at 1 from Economic Financial Review, A new currency, the euro, replaced the national currencies of the eleven http://www.findarticles.com/p/articles/mi_m0DKI/is_1_2000/ai_62681828
Extractions: Save a personal copy of this article and quickly find it again with Furl.net. It's free! Save it. On January 1, 1999, the European Union (EU) launched what will surely be one of the most ambitious political and economic undertakings of the twenty-first century: economic and monetary union (EMU), incorporating eleven of the fifteen current members of the EU. A new currency, the euro, replaced the national currencies of the eleven countries,(1) and a new institution, the European Central Bank (ECB), took over responsibility for monetary policy for the euro area. Many commentators in the United States thought EMU would never take place or, if it did, that it would not last very long. The successful launch of EMU was thus a surprise in some quarters, and some of the skeptics have been forced to reevaluate their positions. EMU is now one year old, and it seems appropriate to review what has happened during the first year and assess the prospects for the future.
European Union - The Euro And EMU euro and emu. The european Union and its Expanding Economy When shopping in the euro area Prices are displayed in the same currency; they are easier to http://jpn.cec.eu.int/union/showpage_en_union.emu.php
Extractions: (05/06/04, Speech) See more matches for Euro and EMU Europe Day, European Flag and Anthem Brief History of European Integration Basic Information about the European Union ... The European Union in the World The Euro and EMU After more than ten years of preparations, 12 European countries have given up their national currency forever and adopted a common currency: the euro.
Euro - Definition Of Euro In Encyclopedia The euro (; ISO 4217 code EUR) is the currency of twelve of the The dates these ten states are expected to join the emu vary 2006 for Estonia, http://encyclopedia.laborlawtalk.com/Euro
Extractions: The euro ISO 4217 code EUR ) is the currency of twelve of the twenty-five nations that form the European Union (and four outside it, as well as Montenegro and Kosovo ), which form the Economic and Monetary Union (EMU). It is the result of the most significant monetary reform in Europe since the Roman Empire . Though the introduction of the euro can be seen simply as a mechanism for perfecting the Single European Market , facilitating free trade between the members of the Eurozone , the euro is also a key part of the European project of political integration. The euro is administered by the European System of Central Banks (ESCB), composed of the European Central Bank (ECB) and the Eurozone central banks operating in member states. The ECB (headquartered in Frankfurt am Main Germany ) has sole authority to set monetary policy ; the other members of the ESCB participate in the printing, minting and distribution of notes and coins, and the operation of the Eurozone payment system. Contents showTocToggle("show","hide")
Evolving Enterprise - Winter 1998: Euro Info To many executives in the US, the changeover to the euro is a parochial matter It is certainly not an emu. Nor is it an ecu or european currency Unit. http://www.lionhrtpub.com/ee/ee-winter98/euro.html
Extractions: Wrong! The next misunderstanding is that it is something to do with the accounting systems, and that the information systems department can sort it out. Wrong! If you take the latter route, you might be surprised at the effect on your business. Senior management must be aware of the wider issues involved: Chris Pickles' article in the last edition of Evolving Enterprise went through some of them. This month, let's look at a few more. You might be forgiven for wondering why on earth the Europeans could be so thoughtless as to create another set of problems, just as we are all struggling with intensive work on the millennium problem. Politicians and bureaucrats don't necessarily have backgrounds in business, let alone IT; so they will claim they were unaware of the millennium problem back in 1991 when the Maastricht Treaty confirmed the process towards EMU that had been building up for years.
Central Europe Review - EMU And Central Europe Russia have either the majority of their trade with the emu region, are considering membership of the EU and emu or have pegged their currency to the euro. http://www.ce-review.org/99/4/emu4.html
Extractions: Rob Smith A new series in Central Europe Review The European Union represents the dominating economic force in European commerce. Its latest experiment, Economic and Monetary Union (EMU), for eleven of the fifteen member states, seems destined to become a permanent measure, and its implications go far beyond the introduction of the single currency. EMU will affect the economic policies and commercial practices of countries and companies throughout Europe, not just those nations that participate. Across Central and Eastern Europe, most nations, with the exception of Russia have either the majority of their trade with the EMU region, are considering membership of the EU and EMU or have pegged their currency to the euro. The implications of the EMU initiative by most of the counties in Western Europe will clearly influence economies, businesses and politics. For those countries interested in joining, there is a chance to learn from the experiences of the first wave participants. In the first of a series of articles
Extractions: Login Report a Bug FAQs Bug Watch List: Watch this Bug Bug Votes: This bug is Closed.You cannot Vote for it. Bug ID: Votes Synopsis RFE: Make Euro the default currency for EMU countries from 1/1/2002 Category java:localization Reported Against kestrel Release Fixed 1.4(merlin-beta) State Closed, fixed Related Bugs Submit Date 09-FEB-2000 Description On January 1, 2002, the European Central Bank will start issuing notes and coins for the Euro, and on July 1, 2002, the old currencies of the member countries of the European Monetary Union will cease to be legal tender. See http://europa.eu.int/euro/html/calendrier5.html?lang=5 . The Java 2 runtime should therefore be set up to treat the Euro as the default currency for the EMU member countries from January 1, 2002. Work Around N/A Evaluation Comments
Currency Conversion New euro (emu) Software Conversion Tools and Services This euro site is a unique to emu and the software conversion to one currency in europe the euro. http://www.reference.com/Dir/Computers/Software/Currency_Conversion/
Extractions: New Euro (emu) Software Conversion Tools and Services This Euro site is a unique guide to EMU and the software conversion to one currency in Europe the EURO. Euro currency will begin to be legal from January 1999. Now is time to make the relevant preparations for Euro one currency. Euro Currency Converter Euro Conversion Automation Software for Documents, Spreadsheets Msaccess. Hot-Key Conversion.Calculator. Developer SDK and OCX controls. What's keeping you from making euros? The Denver Business Journal 1999-01-25 Quick: How do you type the symbol for new euro? The new currency, which debuted Jan. 4, is helping to tie the countries of the European Union closer together than ever and create a unified market that rivals that of the United States. Focus on the EURO Brief introduction to the Euro MARVOSYM.TTF - Martin Vogel's symbol font The free true type symbol font MARVOSYM.TTF with Euro currency symbol, fax and answering machine symbols, and many more useful symbols for the office. Microsoft TechNet - Microsoft Euro Currency Resource Center Microsoft TechNet IT Home provides you with a broad perspective on current euro issues from leading industry sources, which helps you make informed strategic decisions to align with business goals and objectives.