Law of the EMU and euro

Malta: the 14th star of the euro area

Malta is going to adopt the euro on 1 January 2008. As final preparations get under way for the transition, the National Euro Changeover Committee and the Central Bank of Malta, in co-operation with the European Commission and the European Central Bank, organised a high-level international conference entitled “EMU Governance & Euro Changeover: Malta on the path to the euro” in Valletta on 1 October 2007.

 

And the day before this conference the ECB and the Central Bank of Malta (CBM) launched their joint communications campaign for the euro changeover in Malta.

 

The ECB website has published the speeches of its President, Jean-Claude Trichet, during these events:

• The process of European economic and financial integration
  (October 1)

• Welcome Malta! (September 30)

The welcome address by the Governor of the CBM, Michael C Bonello, at the conference may be found on the CBM website.

 

The Malta Independent Online covers the speeches of the other speakers.

 

Photo: To mark the launch of the joint communications campaign for the euro changeover in Malta, Michael C. Bonello, Governor of the Central Bank of Malta, and Jean-Claude Trichet, President of the European Central Bank, unveiled euro banners on the façade of the Central Bank of Malta’s main premises in Valletta. Mr Trichet also presented the 14th “Euro Star” to the Central Bank of Malta, a memento that is offered to each new member of the Eurosystem.

Conference on Experience with and Preparations for the Euro

After joining the EU in 2004 the ten ‘new’ Member States’s goal is adopting the euro and joining the euro area. On 1 January 2007 Slovenia is going to be the first to succeed in this goal.

In May 2006 the Oesterreichische Nationalbank (OeNB, National Bank of Austria) and the Wirtschaftskammer Österreich (Austrian Federal Economic Chamber) brought together experts from the euro area, who had gained experience with introducing the euro, with the experts from the new EU Member States preparing for the introduction of the euro for an exchange of views.

During a three day conference more than 280 leading experts from governments, central banks, the business community and academia seized this opportunity for fruitful exchanges, discussions and networking. 

The proceedings of this conference may be found on OeNB’s website.

After joining the EU in 2004 the ten ‘new’ Member States’s goal is adopting the euro and joining the euro area. On 1 January 2007 Slovenia is going to be the first to succeed in this goal.

In May 2006 the Oesterreichische Nationalbank (OeNB, National Bank of Austria) and the Wirtschaftskammer Österreich (Austrian Federal Economic Chamber) brought together experts from the euro area, who had gained experience with introducing the euro, with the experts from the new EU Member States preparing for the introduction of the euro for an exchange of views.

During a three day conference more than 280 leading experts from governments, central banks, the business community and academia seized this opportunity for fruitful exchanges, discussions and networking. 

The proceedings of this conference may be found on OeNB’s website.

Presentations on the changing environment for National Central Banks

On 21 October 2005 the Oestereichische Nationalbank (OeNB, central bank of the Republic of Austria) organized the following workshop.

 

The European Integration Process

A Changing Environment for National Central Banks

 

Recently OeNB has published the presentations given during this workshop.

Conference on The Legal Foundations of International Monetary Stability

27-28 April 2006 (Queen Mary, University of London, Centre for Commercial Law Studies)

Venue: London School of Economics

 

This conference is the first in a series of events dedicated in the area of Regulation and Financial stability that are organised with the support of the Economic and Social Research Council. The series will build on the established FMG London Financial Regulation seminar, which has run since 1999.

 

The ultimate purpose of these events is to clarify the principles on which financial regulation should be based, and to advance practical proposals for improving the organisation and conduct of such regulation.

 

The Legal Foundations of International Monetary Stability conference (based upon Dr Lastra’s forthcoming book to be published by Oxford University Press in June 2006) will look at the area of monetary law and financial regulation and aims to bring an interdisciplinary debate to developments at the national, European and international level.

 

Some of the questions to be addressed at the conference are:

• The challenges confronting the euro
• The definition of financial stability
• The liability of financial supervisors
• How to operate a European system of financial supervisors
• Independence and accountability of central banks
• The role of the IMF in the 21st century

Organisers: Dr Rosa M Lastra and Professor Charles Goodhart

 

The conference programme is now available.

 

For contact information follow this link.

Presentations on the changing environment for National Central Banks

On 21 October 2005 I attended the following workshop organized by the Oestereichische Nationalbank (OeNB, central bank of the Republic of Austria).

 

The European Integration Process

A Changing Environment for National Central Banks

 

The keynote speech was delivered by Tomasso Padoa-Schioppa, former member of the Executive Board of the European Central Bank.

 

Further information on the program, the speakers and their presentations can be found on the OeNB website.

Seminar on the Stability and Growth Pact (8-9 September 2005)

On 8 and 9 September 2005 the European Institute of Public Administration (EIPA) organises a seminar entitled “The Stability & Growth Pact (SGP): Theory & Practice”.

Peter Wierts (DG ECFIN, European Commission) will discuss the European Commission proposals to improve the implementation of the SGP.

Read more:

·         about the seminar on the EIPA website, and

·         about the proposals on the website of the European Commission.

Papers presented at workshop on the EU Constitution and EMU (5 November 2004)

A Constitutional Treaty for an Enlarged Europe:
Institutional and Economic Implications for Economic and Monetary Union

On 5 November 2004 I attended a workshop organised by the Oesterreichische Nationalbank. OeNB has published the papers (426 KB) presented at this workshop on its website.