Since 1 January 1999 the European Central Bank has been responsible for conducting monetary policy for the euro area (17 countries and 332 million inhabitants today).
The monthly press conferences held by the President and the Vice-President immediately after the first Governing Council meeting of the month provides a timely and comprehensive summary of the policy-relevant assessment of economic developments.
Euro banknotes and coins are legal tender in 17 of the 27 Member States of the European Union, including the overseas departments, territories and islands which are either part of, or associated with, euro area countries. These countries form the euro area. The micro-states of Monaco, San Marino and Vatican City also use the euro, on the basis of a formal arrangement with the European Community. Andorra, Montenegro and Kosovo likewise use the euro, but without a formal arrangement.
For more details, please follow: http://www.ecb.europa.eu/euro/html/index.en.html
T2S is one of the largest infrastructure projects launched by the Eurosystem so far. It will bring substantial benefits to the European post-trading industry by providing a single pan-European platform for securities settlement in central bank money.
The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. The ECB's main task is to maintain the euro's purchasing power and thus price stability in the euro area. The euro area comprises the 17 European Union countries that have introduced the euro since 1999.
The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. The ECB's main task is to maintain the euro's purchasing power and thus price stability in the euro area. The euro area comprises the 17 European Union cou...