Establishment of a nuclear weapon free zone in Central Asia

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57 69. Establishment of a nuclear weapon free zone in Central Asia

61 88. Establishment of a nuclear weapon free zone in Central Asia

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The European Central Bank has promised to do more to support the eurozone periphery.

The European Central Bank ( ECB ) welcomes this further enlargement of the euro area .

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The European Central Bank ( ECB ) has today published the 7th Progress Report on the Single Euro Payments Area ( SEPA ) .

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In the establishment of high credit standards , the Eurosystem differentiates between marketable and non marketable assets .

They are described in the Treaty establishing the European Community and in protocols attached to the Treaty .

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As the guardian of the Treaties , it ensures , together with the Cour t of Justice of the European Communities , that the legislation applying to all EU Member States is properly implemented . At the moment , the Commission consists of a president and 24 commissioners .

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The European Central Bank, however, is unable to revive eurozone growth on its own.

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4. Welcomes the decision by all five Central Asian States to sign the Central Asian nuclear weapon free zone treaty as soon as possible

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The European Central Bank and the national central banks together constitute the Eurosystem , the central banking system of the euro area .

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On 1 January 1999 the European Central Bank ( ECB ) assumed responsibility for monetary policy in the euro area the second largest economic area in the world after the United States .

6. Also welcomes the ongoing efforts to establish a nuclear weapon free zone in Central Asia

3. Calls upon all five Central Asian States to continue their dialogue with the five nuclear weapon States on the establishment of a nuclear weapon free zone in Central Asia

6 Extending the acceptance of equities throughout the euro area could support the smooth functioning of central counterparties clearing houses and , in some euro area countries , a safer settlement of equities transactions .

4. Requests the Secretary General, within existing resources, to continue to provide assistance to the Central Asian States in the elaboration of an agreement on the establishment of a nuclear weapon free zone in Central Asia

53 When credit claims are used as collateral in a cross border context , a CCBM variant is applied to credit claims , which is based on a transfer of ownership to , an assignment to , a pledge in favour of the home central bank , or a charge in favour of the correspondent central bank acting as the agent for the home central bank .

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Since the ECB 's policy decisions , such as on monetary policy , naturally apply only to the euro area countries , it is in reality the Eurosystem which as a team carries out the central bank functions for the euro area .

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Moreover , the Eurosystem has directly promoted financial integration by offering central banking services that are available throughout the euro area .

1. Notes with appreciation the support of all States for the initiative to establish a nuclear weapon free zone in Central Asia

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The Eurosystem ( the European Central Bank ( ECB ) and the national central banks ( NCBs ) of the euro area ) is responsible for the smooth operation of payment systems in the euro area and therefore places particular emphasis on the creation of SEPA in the euro area .

EUROPEAN CENTRAL BANK RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

Thus , the Eurosystem is de facto the central bank of the euro area in charge of the euro and the single monetary policy .