The document discusses the Baltic countries' efforts to adopt the euro currency by meeting the euro convergence criteria. It outlines the main euro criteria including inflation rates, government budget deficits, debt levels, exchange rates, and interest rates. It then reviews Estonia, Latvia and Lithuania's progress in meeting the criteria, with Estonia expected to adopt the euro in 2011. While the countries have focused on reducing budget deficits, they still face issues with inflation and declining economic growth from lower capital inflows. Overall adoption of the euro appears likely, but challenges remain around stabilizing inflation and economic performance.
The EAFS and the policy mix - Marco ButiADEMU_Project
The recovery of the euro area has been particularly slow both by historical and international standards. Nine years after the economic and financial crisis struck, economic activity in the euro area is expanding at a moderate rate. However, the persistence of crisis legacies ─ such as the still-high unemployment rate and weak investment ─ suggest the recovery is not complete.
So far policy actions to support growth have excessively relied on monetary policy, resulting in an unbalanced policy mix. If monetary policy alone cannot lead to balanced growth, is there a case for an expansionary fiscal stance at the aggregate euro area level? Can this be reconciled with the Stability and Growth Pact?
The presentation explores the concept of fiscal space and the effectiveness of fiscal expansion in surplus countries for the euro area’s internal and external adjustment. Finally, it discusses the build-up over the medium term of a fiscal stabilisation function at the central level.
Speech by Olli Rehn at the Euro Conference LatviaLatvijas Banka
Presentation by Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Olli Rehn at the Euro Conference Latvia.
Riga, September 12, 2013.
Presentation by Leszek Balcerowicz, Warsaw School of Economics at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Recent trends in the global ecenomy and the near term outlookLatvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
The EAFS and the policy mix - Marco ButiADEMU_Project
The recovery of the euro area has been particularly slow both by historical and international standards. Nine years after the economic and financial crisis struck, economic activity in the euro area is expanding at a moderate rate. However, the persistence of crisis legacies ─ such as the still-high unemployment rate and weak investment ─ suggest the recovery is not complete.
So far policy actions to support growth have excessively relied on monetary policy, resulting in an unbalanced policy mix. If monetary policy alone cannot lead to balanced growth, is there a case for an expansionary fiscal stance at the aggregate euro area level? Can this be reconciled with the Stability and Growth Pact?
The presentation explores the concept of fiscal space and the effectiveness of fiscal expansion in surplus countries for the euro area’s internal and external adjustment. Finally, it discusses the build-up over the medium term of a fiscal stabilisation function at the central level.
Speech by Olli Rehn at the Euro Conference LatviaLatvijas Banka
Presentation by Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Olli Rehn at the Euro Conference Latvia.
Riga, September 12, 2013.
Presentation by Leszek Balcerowicz, Warsaw School of Economics at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Recent trends in the global ecenomy and the near term outlookLatvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
Ec4024 Lecture13: The Stability and Growth Pact: Time to Break the Rules?Stephen Kinsella
The Stability and Growth Pact is too restrictive to allow Ireland to get out of the current economic difficulties it finds itself in. I argue we should break those rules, with a grin, for a few years.
OECD, 35th Meeting of Senior Budget Officials - Christian Kastrop - OECDOECD Governance
This presentation by Christian Kastrop, OECD, was made at the 35th Meeting of Senior Budget Officials held in Berlin on 12-13 June 2014. Find more information at http://www.oecd.org/gov/budgeting/35thannualmeetingofoecdseniorbudgetofficialssboberlingermany12-13june2014.htm
Presented by Chris Saigbe at the 4th Annual East Africa Finance Summit
Africa and indeed Ethiopia have the potentials to grow their Life Insurance Industries.
Growth is continuous because there are new opportunities and
possibilities to build on the progress already made
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Lars Calmfors, Professor of International Economics at the IIES in Stockholm, gave his comments on the 2019 report. Professor Calmfors gave this presentation in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Martin Ellison, professor of Economics at the University of Oxford and a member of Economic Policy Council, presented an overview of the report in the report launch seminar in Helsinki.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
The SGP is a rule-based framework that coordinates the fiscal policies of the EU countries, with the goal of safeguarding sound public finances. The SGP is is made up of two “arms”: the Preventive Arm, that aims to ensure that Member States’ fiscal policies are coordinated and sustainable, and the Corrective Arm, that consists in the Excessive Debt Procedure (EDP), which is being activated to ensure that Eurozone countries adopt appropriate policy responses to correct excessively valued budget deficits and/or public debts.
2013. gada 6. jūnijā Rīgā norisinājās Finanšu ministrijas organizēta starptautiska konference „Fiskālās politikas perspektīvas Latvijā un Eiropas Savienībā”.
Konferencē diskutēja par fiskālās politikas reformām, kas ir viens no aktuālākajiem jautājumiem Eiropas politikas darba kārtībā. Konferences dalībnieki tika iepazīstināti arī ar pašreizējām tendencēm Baltijas valstu publiskajās finansēs un turpmākā darba prioritātēm.
"Highlights":
Annual inflation was stable in April
GDP growth maintained by retail trade and impeded by energy sector
Labour market gradually becoming more favourable for employees
"In Focus":
Eurosystem's monetary policy: Expanded Asset Purchase Programme; autors: Egils Kaužēns
Ec4024 Lecture13: The Stability and Growth Pact: Time to Break the Rules?Stephen Kinsella
The Stability and Growth Pact is too restrictive to allow Ireland to get out of the current economic difficulties it finds itself in. I argue we should break those rules, with a grin, for a few years.
OECD, 35th Meeting of Senior Budget Officials - Christian Kastrop - OECDOECD Governance
This presentation by Christian Kastrop, OECD, was made at the 35th Meeting of Senior Budget Officials held in Berlin on 12-13 June 2014. Find more information at http://www.oecd.org/gov/budgeting/35thannualmeetingofoecdseniorbudgetofficialssboberlingermany12-13june2014.htm
Presented by Chris Saigbe at the 4th Annual East Africa Finance Summit
Africa and indeed Ethiopia have the potentials to grow their Life Insurance Industries.
Growth is continuous because there are new opportunities and
possibilities to build on the progress already made
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Lars Calmfors, Professor of International Economics at the IIES in Stockholm, gave his comments on the 2019 report. Professor Calmfors gave this presentation in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Martin Ellison, professor of Economics at the University of Oxford and a member of Economic Policy Council, presented an overview of the report in the report launch seminar in Helsinki.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
The SGP is a rule-based framework that coordinates the fiscal policies of the EU countries, with the goal of safeguarding sound public finances. The SGP is is made up of two “arms”: the Preventive Arm, that aims to ensure that Member States’ fiscal policies are coordinated and sustainable, and the Corrective Arm, that consists in the Excessive Debt Procedure (EDP), which is being activated to ensure that Eurozone countries adopt appropriate policy responses to correct excessively valued budget deficits and/or public debts.
2013. gada 6. jūnijā Rīgā norisinājās Finanšu ministrijas organizēta starptautiska konference „Fiskālās politikas perspektīvas Latvijā un Eiropas Savienībā”.
Konferencē diskutēja par fiskālās politikas reformām, kas ir viens no aktuālākajiem jautājumiem Eiropas politikas darba kārtībā. Konferences dalībnieki tika iepazīstināti arī ar pašreizējām tendencēm Baltijas valstu publiskajās finansēs un turpmākā darba prioritātēm.
"Highlights":
Annual inflation was stable in April
GDP growth maintained by retail trade and impeded by energy sector
Labour market gradually becoming more favourable for employees
"In Focus":
Eurosystem's monetary policy: Expanded Asset Purchase Programme; autors: Egils Kaužēns
"The 3 Rs: Recession, Resources + Recovery" - speech by reknown economist and Dean of the Maxine Goodman Levine College of Urban Affairs at Cleveland State University...Dr. Ned Hill. Given at the 2009 Annual Meeting of the Ohio Economic Development Association (OEDA).
Many EU Member States, including Italy, have been clamouring for it. The European Commission has to decide whether or not to grant it: we’re talking about flexibility. But exactly what is flexibility?
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Fiscal Risk Management - Krista BELIJA, LatviaOECD Governance
This presentation was made by Krista BELIJA, Ministry of Finance, Latvia, at the 15th Annual Meeting of OECD-CESEE Senior Budget Officials held in Minsk, Belarus, on 4-5 July 2019
Presentation of Prof. Lars Feld - The Economic Situation in EMU - Where do we...Bankenverband
GCEE Business Cycle Update, March 2018: “In the euro area, the level of indebtedness of many member states remains very high. This is particularly true of Italy where the national debt stands at over 130 % of GDP. Should financial markets lose confidence in the sustainability of public debt on account of the political uncertainty resulting from the outcome of the election, given the size of the Italian economy a return of the euro crisis cannot be ruled out. Furthermore, risks to financial stability continue to persist in certain member states due to the fragility of many banks, particularly with regard to the extent of non-performing loans.”
The paper first considers why central European countries wish to join EMU soon. The main reasons are the risk of macroeconomic instability they face outside the euro zone if they wish to grow quickly. At the same time, Central Europe is highly integrated as regards trade with EMU, so it is little exposed to asymmetric shocks that would require a realignment of exchange rates. Finally, it is argued that there is no cost in terms of slower growth from EMU accession, so that there is no trade-off, as has been claimed, between nominal convergence to EMU and real convergence to EU average GDP levels. Second, the paper assesses whether Central European accession to EMU would be disadvantageous to current members. It concludes that accession cannot increase inflationary pressure on existing EMU members, as has been claimed, but that slow growing members of EMU might suffer increased unemployment, unless they increase the flexibility of their labour markets. Incumbent members may also be unwilling to share power with Central Europeans in EMU institutions.
Authored by: Jacek Rostowski
Published in 2003
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Whilst the debate over UK membership of the single currency is - by and large - decided, there is an ongoing economic discussion about whether membership of the Euro Zone is right for some of Europe's smaller and newer member nations. The Baltic States are all now members but countries such as Poland and the Czech Republic remain outside. This short revision video looks at some of the arguments for and against becoming a member nation of the Euro Zone.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
This presentation was made by Ioana Burla, Romania, at the 12th Annual Meeting of OECD-CESEE Senior Budget Officials held in Ljubljana, Slovenia, on 28-29 June 2016
Our Ooty honeymoon package from Chennai is a perfect escape for newlywed couples to celebrate their love and start their new life together. Our package offers a range of itineraries to cater to the diverse preferences of couples. From adventure activities to relaxing spa sessions, these packages are designed to provide the perfect balance between adventure and relaxation.
4 DAYS MASAI MARA WILDEBEEST MIGRATION SAFARI TOUR PACKAGE KENYABush Troop Safari
Join our 4-day Masai Mara Wildebeest Migration Safari in Kenya. Witness the incredible wildebeest migration, enjoy exciting game drives, and stay in comfortable lodges. Get up close and personal with one of nature's most amazing exhibits! Book Your Safari Today at - https://bushtroop-safaris.com/
Its running cost is among the diverse vital aspects you must consider before buying an electric scooter. Calculate the cost of getting e-scooter charge for your regular usage to calculate its economic efficiency, similar to people who investigate the mileage of petrol or diesel-driven scooters.
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
Hidden Gems of Europe - DISCOVERING THE CONTINENT'S BEST-KEPT SECRETSKamil Uğraş TÜRKOĞLU
Europe, continent rich in history, culture, and natural beauty, is often synonymous with famous cities like Paris, Rome, and London. These iconic destinations attract millions of tourists every year, captivating them with their renowned landmarks, vibrant culture, and bustling urban life. However, beyond these well-trodden paths lie countless hidden gems waiting to be discovered. These lesser-known destinations offer unique experiences, authentic encounters, and breathtaking landscapes that often surpass the allure of their famous counterparts.
In "Hidden Gems of Europe," we embark on a journey to uncover these secret spots, exploring the heart and soul of Europe through its quaint villages, charming towns, and secluded natural wonders. This book aims to inspire travelers to look beyond the obvious and venture into the lesser-explored corners of the continent, where true adventure and discovery await.
Antarctica- Icy wilderness of extremes and wondertahreemzahra82
In this presentation, we delve into the captivating realm of Antarctica, Earth's southernmost continent. This icy wilderness stands as a testament to extremes, with record-breaking cold temperatures and vast expanses of pristine ice. Antarctica's landscape is dominated by towering glaciers, colossal icebergs, and expansive ice shelves. Yet, amidst this frozen expanse, a rich tapestry of unique wildlife thrives, including penguins, seals, and seabirds, all finely attuned to survive in this harsh environment. Beyond its natural wonders, Antarctica also serves as a vital hub for scientific exploration, providing invaluable insights into climate change and the Earth's history
BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. Get information in this PDF and simplyfy your visa process.
During the coldest months, Italy transforms into a winter wonderland, providing visitors with a very unique experience. From the Settimana Bianca ski event to the lively Carnevale celebrations, Italy's winter festivities provide something for everyone. Enjoy hot cocoa, eat hearty comfort foods, and buy during winter deals. Explore the country's rich cultural past by participating in Settimana Bianca, and Carnevale, sipping hot chocolate, shopping during winter deals, and indulging in winter comfort foods. Visit our website https://timeforsicily.com/ for more information.
LUXURY TRAVEL THE ULTIMATE TOKYO EXPERIENCE FROM SINGAPORE.pdfDiper Tour
Get off on the most luxurious Tokyo itinerary from Singapore. Experience Tokyo’s sophisticated modernism and rich tradition with first-class travel, sumptuous lodging, fine food, and special tours. Savor the finest that this energetic city has to offer for an experience that will never be forgotten.
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
6. Fulfilment of criteria 5.15% 29.3% -3.2% -0.4% Lithuania 10.54% 36.1% -1.1% -4.0% Latvia 6.1% 7.2% -0.4% 1.4% Estonia Max 6.5% Max 60% Max 3% Max 3.2% Reference value Long-term interest rate Gross government debt Annual government deficit Inflation rate Criteria
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