About: ERM

Euro & Finance 04-01-2017

Le Pen proposes return to ECU-style system to replace euro

Eurozone countries should retreat from the euro single currency and return to a "common currency" structure, French National Front leader Marine Le Pen said on Wednesday (4 January), evoking the era of the ECU basket of currencies.
Euro & Finance 19-03-2007

Slovak koruna re-evaluated against the euro

Slovakia’s currency has been re-evaluated upward to reflect strong economic growth and increased foreign investment, in a move that brings the Central European state one step closer to adopting the euro.
Euro & Finance 28-11-2005

Slovakia ties koruna to the euro

Slovakia has become the seventh new EU member state to officially link its currency, the koruna, to the euro. 
Enlargement 02-05-2005

Cyprus, Latvia and Malta peg currencies against euro

Cyprus, Latvia and Malta became members of the Exchange Rate Mechanism II (ERM II) as from 2 May. Their target date to join the euro is 2007.
Enlargement 11-10-2004

Monetary Union: progressive integration of the new member states

At the end of June, Estonia, Lithuania and Slovenia entered the ERM2. One week later, 6 of the 10 new member states (NMS) were the object of an “excessive deficit procedure”. Behind these two important events, the effective and progressive integration of the NMS into the economic and monetary Union (EMU) is going forward, says MINEFI-DREE's Revue Elargissement.
Euro & Finance 16-10-2003

Enlargement and the euro

All future members of the European Union will be eligible to join the European single currency, the euro, in accordance with the provisions of the Maastricht Treaty. The ten countries that are due to join the EU on 1 May 2004 have all expressed interest in joining the eurozone at the earliest possible time. However, monetary integration may take longer for some future members, notably Poland and Hungary, whose budget deficits are deteriorating while unemployment is soaring. The future members will also have to make further efforts toward catching up to EU levels of income per capita, which requires hard work in the area of labour markets and fiscal policy reform.
Euro & Finance 10-10-2003

Six new Members open ERM II entry talks

Hungary, along with Estonia, Latvia, Lithuania, Malta and Cyprus have initiated confidential negotiations with the ECB on entering their currencies into the EU's ERM II (Exchange Rate Mechanism for candidate countries).
Euro & Finance 15-09-2003

Evolution of exchange rates in the future EU Member States

The paper forecasts the likely developments of the exchange rates of the future EU Member States' currencies.
Euro & Finance 12-09-2003

Commission foresees fiscal sustainability of new EU members

Two new Commission studies state that low starting debt levels and expected high GDP growth constitute favourable conditions for the future EU members' medium-term fiscal sustainability.
Euro & Finance 09-09-2003

Future EU members demand softer exchange rate mechanism

Central Bank governors from Poland, Hungary and the Czech Republic have urged the EU to soften its conditions for their entry into the euro-zone.
Euro & Finance 22-05-2003

Solbes warns against new EU Members’ joining the euro soon

In a surprise move, the Commission proposes that euro zone-hopefuls should keep their currencies within a narrow 2.25 per cent trading range against the euro.

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