Hot Topics: The Euro/Finance/Economics

Washington Delegation Press Room

• Accounting Standards
• Cyprus & Malta
• Global Financial Crisis
• Transatlantic Economic Council (TEC)
• Basic Websites:
  • The Euro
  • Economics/Finance
• 10 Years of EU Economic & Monetary Union; Website; Forthcoming Euro Area Members; FAQs; Speech (5/7/08)
• Rumson-Fair Haven HS (NJ) Wins 2008 Euro Challenge (4/29/08)
• 2008-9 EU Spring Economic Forecasts; Details (4/28/08)
• Euro Challenge 2008 (4/23/08)
• Future Euro Challenges (4/15/08)
• "The Second Decade of the Euro: What Role for the Euro in the Global Economy?"
• EU/US Financial Cooperation: EU Internal Market & Services Commissioner McCreevy (3/11/08)
• EU Economic Forecasts; Details (2/21/08)
• Global Financial Crisis:
  • European Council on Financial Crisis (3/14/08)
  • EU Internal Market & Services Commissioner McCreevy: More on Crisis (3/4/08)
  • EU Internal Market & Services Commissioner McCreevy on International Financial Crisis (2/27/08)
  • EU Economic & Financial Affairs Council (2/12/08)
  • EU Internal Market & Services Commissioner McCreevy on Global Financial Crisis; More; European Central Bank (ECB) Retains Current Interest Rates (2/7/08)
  • European Commission President Barroso on Financial Markets' Turmoil (1/29/08)
  • European Central Bank (ECB) President Trichet on Current Global Financial Crisis; At European Parliament (1/23/08)
  • European Central Bank (ECB); Press Conferences
  • EU Economic & Financial Affairs Directorate General
  • EU Internal Market & Services Directorate General
  • EUROSTAT data
• EU Competition Commissioner Kroes on Global Competition Policy (2/7/08)
• Enterprise Europe Network; Website; Details; Press Conference (2/7/08)
• EU/US SEC Securities Markets Mutual Recognition Statement; Background (2/1/08)
• Accounting Standards:
  • EU Equivalence Mechanism for 3rd-Country GAAPs (1/8/08)
  • EU/US Accounting/Auditing Standards Cooperation (11/27/07)
  • EU & International Accounting Standards; Related Business Laws' Simplification; Auditing; Background (7/12/07)
  • EU Internal Market & Services Commissioner Charlie McCreevy in US: EU COMMISSIONER CHARLIE MCCREEVY MEETS US TREASURY DEPUTY SECRETARY ROBERT KIMMITT (3/7/07); "On the Road towards Convergence & Equivalence – State of Play in International Accounting"; "Shifting up a Gear – Transatlantic Cooperation in Financial Services"; EU COMMISSIONER MCCREEVY MEETS WITH PCAOB CHAIRMAN MARK OLSON ON EU-US COOPERATION ON AUDIT REGULATION (3/6/07)
  • 3rd-Country Accounting Standards' Equivalence
• EU on MasterCard's Multilateral Interchange Fees; FAQs; Speech; Background (12/19/07)
• EU Mortgage Markets Integration; FAQs; More; EU Urges Better Financial Education; More (12/18/07)
• 2007 EU Employment Data (11/26/07)
• 2007 EU Economy Review (11/21/07)
• EU Employment Up; Background (11/14/07)
• EU 2007 Autumn Economic Forecasts; Text (11/9/07)
• Statement of the European Commission, the Financial Services Agency of Japan, the International Organization of Securities Commissions (IOSCO) and the US Securities and Exchange Commission on work to enhance the governance of the IASC Foundation (11/6/07)
• Strong 2006 EU Productivity Growth (11/5/07)
• EU Markets in Financial Services Directive; FAQs; Background (10/29/07)
• EU Economic & Monetary Policy Commissioner Joaquín Almunia: "Weathering the Storm – The Impact of the Financial Market Turmoil & Global Economics," Paul H. Nitze School of Advanced International Studies (SAIS), Center for Transatlantic Relations, Johns Hopkins University, Washington, DC
• EU Economic & Monetary Affairs Commissioner Almunia Visits China, Sept.17-19, 2007
• EU Budget Facts & Myths (9/12/07)
• EU Interim Economic Forecasts; Overview (9/11/07)
• European Central Bank (ECB) Rates Unchanged; Press Conference; More Funds Available (9/6/07)
• Euro Area Expansion Robust (7/3/07)
• Financial Services & the Euro (6/27/07)
• International Role of the Euro (6/26/07)
• EU Economic & Monetary Affairs Commissioner: "Securing European Success in Global Economy" (5/23/07)

The two 2007 Euro Challenge (http://www.euro-challenge.org/) winning teams visited the European Commission's Washington Delegation on May 22, 2007. The first-place team, Montclair High School, and the second-place team, Bronx School of Science, prevailed at an early-March match at the Federal Reserve Bank of New York. Ninth- and tenth-grade students (aged fourteen to sixteen) on twenty-three teams from New York, New Jersey and Connecticut competed this year. Pictured along with the victorious teams are their faculty advisors; European Commission Washington Delegation Economic & Financial Section Head Nigel Nagarajan; European Commission Washington Delegation Senior Economist Amy Medearis; Moody's Foundation Program Director Daisy Auger-Dominguez; Working in Support of Education's Kristy Nguyen; Embassy of Spain Financial Counselor Ubaldo Gonzalez; German Marshall Fund's Richard Salt; European Commission official at the World Bank Pilar Garcia-Martinez. The trip to Washington, DC--where team members also visited the Federal Reserve Board and the International Monetary Fund--was generously funded for the winners by the Moody's Foundation.

• Cyprus & Malta:
  • Overview (1/16/08)
  • Changeover Almost Complete (1/14/08)
  • European Commission President Barroso: Congratulations (1/12/08)
  • 3/4 of All Payments Now in Euros (1/7/08)
  • Quick Start to Euro Use (1/3/08)
  • Cyprus Adopts Euro; Malta Adopts Euro (1/1/08)
  • Countdown (12/28/07)
  • Final Countdown to Jan. 1 Euro Adoption; Details (12/21/07)
  • Progress on Preparations for Euro Adoption (11/27/07)
  • Adopt Euro January 1, 2008; European Commission Welcomes Decision; Celebrations (7/10/07)
  • European Council Welcomes Cyprus & Malta to Euro Area (6/21/07)
  • EU Proposes Cyprus & Malta Adopt Euro in 2008; Cyprus Report; Malta Report; European Central Bank Convergence Report (5/16/07)
  • Euro Changeover in Cyprus (11/30/06)
• Taxes in Europe Database
• Spring Economic Forecasts, 2007-2008; Text (5/7/07)
• Transatlantic Economic Integration Framework; EU/US Economic Progress Report (4/30/07)
• The Euro Approaching Age 10 (4/25/07)
• EU Economic & Financial Affairs Commissioner Joaquin Almunia (shown below on left with US Federal Reserve Chairman Ben Bernanke on right): "Structural Reform in Europe: Reshaping the EU Economy" (4/12/07)
• Record Euro Area Growth (3/29/07)
• New EU Financial Rules (3/28/07)
• "The Future of the Transatlantic Capital Market," EU Internal Market & Services Commissioner McCreevy (3/26/07)
• "Priorities in the Internal Market," EU Internal Market & Services Commissioner McCreevy, British-American Business, Inc. & European-American Business Council (3/22/07)
• STATEMENT OF CHARLIE MCCREEVY, EUROPEAN COMMISSIONER FOR INTERNAL MARKET AND SERVICES, ON THE NEW RULE ON DEREGISTRATION ADOPTED BY THE US SECURITIES AND EXCHANGE COMMISSION (SEC) DURING ITS OPEN MEETING IN WASHINGTON (3/22/07)
• EU 50th Anniversary Euro Coin (3/22/07)
• Euro Benefits & Opportunities; 1995-2005 EU Taxation (3/20/07)
• EU 50th Anniversary Euro Coin Infoclip
• Euro Challenge Winners (3/14/07)
• Globalizing Europe (3/14/07)
• Capital Marketplace," Charlie McCreevy. Wall Street Journal (Eastern edition), March 5, 2007, pg. A.17
• Annual Euro Challenge for US High School Students (3/1/07)
• EU Financial Services Single Market Progress Report (3/1/07)
• European Parliament Debate on Euro Zone (3/1/07)
• EU Economic & Financial Affairs Key Issues Paper (2/27/07)
• EU Internal Market & Services Commissioner Charlie McCreevy Welcomes President's Working Group Report on Hedge Funds (2/23/07)
• Putting Europe's Money to Work (2/22/07)
• EU Financial Markets Integration in Context of Globalization (2/20/07)
• EU Economic Growth Continues; Interim Forecast Text (2/16/07)
• EU on US SEC Easier Capital Markets Deregistration (2/14/07); EU/US Financial Markets Regulatory Dialogue - 2004; More
  • European Commission Comments Letter to US SEC
• EU Focus: Economic & Monetary Union in the EU: A Force for European and Global Stability (1/07)
• Euro Coin Counterfeiting in 2006
• EU Citizens on the Euro (12/28/07)
• Euro Area on Strong Recovery (12/18/06)
• EU: Strong Financial Future (12/15/06)
• EU Financial Reporting (12/7/06)
• Euro-Area Enlargement Progress (12/5/06)
• EU Financial Rules Revision; More (11/30/06)
• 2006 Economic Review (11/22/06)
• Proposed EU Red Tape Cuts of 25% to Increase GDP by 1.5% (11/14/06)
• EU/US Economic Ministerial (11/9/06)
• EU Autumn 2006-2008 Economic Forecasts; Job Market Challenges; Job Situation; 2006 Employment (11/6/06)
• EU Insight: EU-US Economic Relations: Driving the Global Economy, November 2006
• EU/US Financial Services & Capital Markets (10/19/06)
• EU Economy; More (10/10/06)
• Euro Area Growth (10/2/06)
• Euro Area Enlargement Prospects (10/2/06)
• EU Macro-Economic Interim Forecasts; Full Text; Speech (9/6/06)
• Slovenia Adopts Euro January 1, 2007
  • Changeover a Clear Success (5/4/07)
  • EU Economic & Financial Affairs Commissioner Almunia (1/15/07)
  • Successful Completion of Switchover (1/12/07)
  • Slovenian Euro Website
  • European Parliament Welcomes Slovenia to Euro Area (1/8/07)
  • Successful Adoption of Euro (1/5/07)
  • Countdown (12/28/06)
  • Countdown (21/21/06)
  • Slovenia Overview; More
  • Slovenia Prepares for Euro (11/10/06)
  • EU Council approval (7/11/06)
  • Proposed conversion rate (6/28/06)
  • European Commission progress report (6/22/06)
  • Slovenia Proposed for Euro (5/16/06)
• The Euro Must Grow (7/12/06)

Basic Websites:

• The Euro:

  • Euro website

  • EMU at 10 Years

  • Euro indicators:

    • Key indicators

    • Euro indicators (EU Statistical Office, Eurostat)

    • Euro area GDP growth projection

  • Euro Exchange Rates:

    • InforEuro

    • European Central Bank

  • Euro Challenge website - Opportunities for US high school students to learn about the Euro

  • Economic & Monetary Union (EMU) history

  • "The Second Decade of the Euro: What Role for the Euro in the Global Economy?"

• EU Economics/Finance:

  • EU Economic & Financial Policy overview

  • EU/US Financial Markets Regulatory Dialogue; More

  • Economic & Financial Affairs Directorate General

  • EU Economic & Monetary Affairs Commissioner Joaquín Almunia (pictured at right)

  • EU General Economic Forecasts; Indicators

  • EU Economy & Finance Data

  • Overview of EU Economic & Financial activities

  • Summaries of EU Economic & Financial legislation

  • European Central Bank (ECB)

  • European Investment Bank (EIB)

  • European Investment Fund (EIF)

  • EU Economic & Financial Affairs Council of Ministers

  • EU Budget Directorate General

  • EU & Financial Services

  • Free Movement of Capital

  • EU & Financial Reporting

• Transatlantic Economic Council (TEC)