X-Nico

3 unusual facts about Eurozone


Mhère

According to the Institut Géographique National, between 1 January 2007 and 1 January 2008, Mhère was the geographic centre of the Eurozone, after its enlargement to Slovenia.

Ouroux-en-Morvan

Since 1 January 2008 Ouroux is officially the centre of the Eurozone.

Todd G. Buchholz

Buchholz’s 1999 book Market Shock warned that the Eurozone was unstable and headed toward political turmoil.


Similar

Eurozone |

Benoît Cœuré

Cœuré was named to manage ECB market operations as of March, 2012, succeeding José Manuel González Paramo, as well as payment systems and market infrastructures, and economic research.

ESFS

European Financial Stability Facility, a special-purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis

Eurobonds

Italy and Greece have frequently spoken out in favour of eurobonds, the then Italian Minister of economy Giulio Tremonti calling it the "master solution" to the eurozone debt crisis.

Bulgarian finance minister Simeon Djankov criticised eurobonds in Austria's Der Standard: "Cheap credit got us into the current eurozone crisis, it's naive to think it is going to get us out of it."

European Central Bank Headquarters

The ECB's headquarters is legally required by the Treaties of the European Union to lie within the city limits of Frankfurt, the largest financial centre in the Eurozone.

President of the European Central Bank

He had however made some mistakes during the crisis, for example by: raising interest rates just after inflation topped out and just prior to the recession triggered by the Lehman Brothers collapse; also by its early timidity in buying eurozone state bonds.


see also