thomas wrote:Where did they say it? Today they made only one press release - about the 2002 annual report.Olivier wrote:Well, the ECB has said today that they will study the case of a 1 euro note in 2005.
That is: the decision is postponed, it will be re-examined in two years. This is less than the news of last year that the ECB would examine the question.Olivier wrote:PARIS (AFP) - La création d'un billet d'un euro sera réexaminée par la Banque centrale européenne (BCE) "au printemps 2005"
Is this the son of the father?Olivier wrote:Répondant à une question orale de Louis Giscard d'Estaing (UMP, Puy-de-Dôme) ...
What does this mean in English? Is Chamalieres in the son's constituency for which he wants to do a favour by generating new jobs to print new euros? But my French is not good enough ...Olivier wrote:Il a en outre fait valoir que la création de billets de 1 euro "génèrerait une activité nouvelle" pour les imprimeries de la Banque de France, dont celle de Chamalières, commune de sa circonscription.
, but on the other hand i think it would be a big problem for shop, cafes etc. Coins are easier to handle then notes are..Exactly! The factory of Chamalières is in the place he has been elected.thomas wrote:What does this mean in English? Is Chamalieres in the son's constituency for which he wants to do a favour by generating new jobs to print new euros? But my French is not good enough ...Olivier wrote:Il a en outre fait valoir que la création de billets de 1 euro "génèrerait une activité nouvelle" pour les imprimeries de la Banque de France, dont celle de Chamalières, commune de sa circonscription.
Because you can pay 3 €, 5 €, 7 € ... with a 1€ note.Antti wrote:Maybe we have too much coins nowadays, but why don't they make 2€ notes and keep 1€ coins?
One problem would be the following: If an Italian 5-euro-coin is used in a country where they don't even know that there might be a legal 5E-coin, people would hesitate to accept it. But it if is legal tender in Italy, it must be accepted as well in any other Euro-Country. The decision to accept those coins cannot be left to individual shops.Aaron wrote:How about if ECB released a 2-euro and/or 1-euro notes and each country could decide if they want to use them? Also Irish could get their 5-euro coin but it doesn't have to be used in other countries.
Italy, Finland, Ireland or France have lost their sovereignty on currency... The decisions are now taken in Frankfurt.Aaron wrote:How about if ECB released a 2-euro and/or 1-euro notes and each country could decide if they want to use them? Also Irish could get their 5-euro coin but it doesn't have to be used in other countries.
For example: If Italians used 1-euro note but we Finns didn't, the shops in Finland could decide whether they want to take those notes or not. Otherwise you could go to a bank to swap it to a coin.
What do you think, would it be a problem?
A new bill, a new coin... the governors of the ECB decide, now. The states have nothing to tell anymore. We are now living in the same area. This is only true for banknotes. Production of coins is still in the authority of EU member states - coordinated by the mint directors and the EU Commission. Only the amount of coins is to be decided by the ECB. See details here http://www.eurotracker.net/news/shownews.php?nid=68 for notes and Article 106 (2) of the Treaty establishing the European Community for coins:Olivier wrote:Italy, Finland, Ireland or France have lost their sovereignty on currency... The decisions are now taken in Frankfurt.
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2. Member States may issue coins subject to approval by the ECB of the volume of the issue. The Council may, acting in accordance with the procedure referred to in Article 252 and after consulting the ECB, adopt measures to harmonise the denominations and technical specifications of all coins intended for circulation to the extent necessary to permit their smooth circulation within the Community.