Lithuania became the 19th EU Member State to adopt the euro on January 1, 2015, following the July 2014 confirmation by the Council of the European Union that Lithuania had fulfilled all the criteria for joining. To help smooth the transition, the old national currency, the litas, was to remain ...
This paper prepared by the Policy Department A provides a graphic overview on core legislation in the area of economic and financial services. The presentation essentially covers the areas within the responsibility of the Economic and Monetary Affairs Committee (ECON); hence it starts with core ...
Small open economies within a monetary union have a limited range of stabilisation tools, as area-wide nominal interest and exchange rates do not respond to country-specific shocks. Such limitations imply that imbalances can be difficult to resolve. We assess the role that government spending ca...
January 2014 marked the 20th anniversary of the establishment of the European Monetary Institute, the predecessor of the European Central Bank. On 12 February 2014, the European Central Bank and the National Bank of Belgium co-hosted a conference in Brussels to commemorate this key milestone on ...
This survey was carried out by TNS Political & Social network in the 18 Member States of the euro area between the 6th and the 8th of October 2014. Some 16,566 respondents from different social and demographic groups were interviewed via telephone (landline and mobile phone) in their mother tong...
The European Stability Mechanism (ESM) is a permanent crisis resolution mechanism established by the countries of the euro area. It is an intergovernmental institution based in Luxembourg, operating since 8 October 2012. The ESM’s mission is to provide financial assistance to ESM Members experie...
