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Why haven’t Sweden and Denmark join the Eurozone? (Euro (Common currency,…
Why haven’t Sweden and Denmark join the Eurozone?
Eurozone
19 countries
Debt Crisis
European Central Bank (ECB)
European System of Central Bank (ESCB)
Eurosystem
Euro
Common currency
Adopted officially in market in 2001
19 countries use
ESCB
ECB
The General Council
advisory body
The Executive Board
make day-to-day decisions
The Governing Council
sets monetary policies
AIms
price stability
tries to keep inflation under 2%
sets interest rate
manages the eurozone’s foreign currency reserves
plus 28 national banks of the EU
include countries that do not use euro
Eurosystem
ECB
19 national banks of eurozone countries