whereas this information is necessary , in the early years of the single currency area , for the fulfilment of the ECB 's statistical requirements

a scenario for the changeover to the single currency

The requirements for the single currency area correspond to international standards as amended by international agreement .

Today , the single currency is used in an area that stretches from Cyprus to Ireland and from Portugal to Finland .

5.1 The changeover for cash transactions

introduction of the euro as a single currency .

16 Member States of the European Union use the euro as their currency

Public investment is the one area where the government could act.

You are saying this to us when you should be saying it to the Council, which strengthened its executive powers still further in Asolo.

Those who first imagined the single currency expected it to have profound consequences.

The euro is gradually changing the economies of the euro area .

A further impetus for pursuing a single currency and EMU was provided by the adoption of the Single European Act in 1986 .

The final question is what such a eurozone banking union would mean for the single financial market, and especially for EU countries that are outside the single currency.

It is dissected by the only road to pass through this area the Lyell Highway.

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General government as defined in the European System of Accounts 1995 ( ESA 95 ) , consists of central , state and local government and social security funds .

Firstly , the introduction of the single currency is a long term project .

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With regard to the suggestions about the disclosure of information on the voting behaviour and individual views of the members of the Governing Council , it should be borne in mind that the ECB operates a The euro cash changeover 1 January 2002 saw the single currency become a tangible reality .

This process could be reinforced by the fact that institutional investors may benefit from the broader single currency area to which the existing currency matching rules will apply .

The Euro Party on 18 January 2002 celebrating the introduction of the single currency

The single currency that we have today can be seen as a logical step in complementing the Single Market .

B. Updating of the terminology used in the Treaties with respect to the single currency 3 .

EURO AREA ENLARGEMENT The euro started out as the single currency of 11 Member States .

The number of EU Member States that use the single European currency has now increased to 15 .

Prior to the introduction of the single currency , Andorra used the French franc and the Spanish peseta .

It laid the foundations for the introduction of the single currency nearly a decade later .

A second feature of the international role of the euro is that it is partly driven by the euro area itself .

For precisely that reason, it may well be too early to write off the single currency.

The ECB is the central bank for Europe 's single currency , the euro .

Since the beginning of 1994 the EMI , in close collaboration with national central banks of the European Union ( EU ) , has undertaken the necessary technical preparations for the establishment of the European System of Central Banks ( ESCB ) , the conduct of the single monetary policy for the euro area and the creation of the single currency .

whether a majority of the Member States fulfil the necessary conditions for the adoption of a single currency ,

the national central banks ( NCBs ) of the 16 EU Member States whose common currency is the euro .

Andorra , Montenegro and Kosovo likewise use the euro , but without a formal arrangement .

The Parliament is prepared to go as far as its responsibilities will permit to meet the Community's commitments, but it is simply not prepared to give way on the question of principle.

Therefore , price transparency created by the single currency helps the Eurosystem to keep inflation under control .

It is also a necessary step in the completion of the introduction of the euro as the single currency of 16 countries in Europe .

Since the single currency was France s condition for accepting German reunification, Germany played along.

Free circulation of capital across Europe , and beyond , was a reality well before the introduction of the single currency .

No one doubts that Germany and most other eurozone members would prefer the single currency to continue.

Without a single market and a single currency, the Community has no future.

2.3 Guidelines for the NCBs and Member States operations with their foreign reserve assets While foreign reserve assets in excess of those transferred to the ECB at the beginning of Stage Three will be held and managed by the NCBs , market transactions conducted with those assets will be monitored by the ECB with a view to ensuring consistency with the single monetary policy and the foreign exchange policy of the euro area .

However , a single European Economic Community ( EEC ) currency was not yet foreseen in the treaties .

The number of EU Member States using the single European currency has therefore increased to 16 .

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