The document provides an overview of the euro currency. It discusses the history and introduction of the euro, the countries that have adopted it, and the benefits of a single European currency. The euro was first introduced in non-physical form in 1999 and began circulating as banknotes and coins in 2002. Currently 18 European Union member states have adopted the euro as their official currency. A single currency brings economic benefits and complements the European single market.
Should Denmark adopt euro? Strong euro may get in trouble for exporters , like Denmark, and discourage foreign investment in the euro zone, but helps importers and euro zone investments around the world.
Should Denmark adopt euro? Strong euro may get in trouble for exporters , like Denmark, and discourage foreign investment in the euro zone, but helps importers and euro zone investments around the world.
Presentation on Birth of Euro, and Its impact on Global reserves. Also has analysis on Is it posible for Euro to replace Dollar as Global Currency.
Presentad By Students of FMG 18 A ( Aakriti kakkar, Aditi Bindlish, Ankit Gupta, Madhusudan Partani and Pragati Saraf of FORE School of Management, New Delhi)
Written before the Euro Crisis set in, this paper explains how Euro evolved from 1990s till now and the threats it is facing because of countries like Greece being a part of Eurozone. However unfortunate, the bright part of the paper is that the predictions done in the paper are coming true now with S&P rating Greece as Junk and IMF coming out to bail it. Please email me at ankurdineshsharma@gmail.com for any further information and/or details on this.
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Presentation on Birth of Euro, and Its impact on Global reserves. Also has analysis on Is it posible for Euro to replace Dollar as Global Currency.
Presentad By Students of FMG 18 A ( Aakriti kakkar, Aditi Bindlish, Ankit Gupta, Madhusudan Partani and Pragati Saraf of FORE School of Management, New Delhi)
Written before the Euro Crisis set in, this paper explains how Euro evolved from 1990s till now and the threats it is facing because of countries like Greece being a part of Eurozone. However unfortunate, the bright part of the paper is that the predictions done in the paper are coming true now with S&P rating Greece as Junk and IMF coming out to bail it. Please email me at ankurdineshsharma@gmail.com for any further information and/or details on this.
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. What does it mean “euro”?
The euro is the single currency shared by
(currently) 18 of the European Union's Member
States, which together make up the euro area.
The euro is the second largest reserve currency as
well as the second most traded currency in the
world after the United States dollar.
The euro zone is the second largest economy in
the world.1
3. History of the euro
The1st
step
• The currency was introduced in non-physical
form (electronic transfers, banking, etc.) at
midnight on 1 January 1999, when the national
currencies of participating countries (the
Eurozone). On the first day of trading, 5
January, the euro climbed to 1.19 US$.
The2nd
step
• Since 1 January 2002 the euro has been circulating
in physical form, as banknotes and coins. The euro
is not the currency of all EU Member States.
4. The euro and Economic and
Monetary Union
All EU Member States form part of Economic and
Monetary Union (EMU), which can be described as an
advanced stage of economic integration based on a
single market. It involves close co-ordination of
economic and fiscal policies and, a single monetary
policy and a single currency - the euro. These
conditions are known as the 'convergence criteria' (or
'Maastricht criteria') and include low and stable
inflation, exchange rate stability and sound public
finances.
5. Who manages it?
• With the launch of the euro monetary policy
became the responsibility of the independent
European Central Bank (ECB), which was created
for that purpose, and the national central banks
of the Member States having adopted the euro.
Together they compose the Eurosystem.
6. Who uses it?
The euro is the currency of the 333 million people
who live in the 18 euro area countries. It is also used,
either formally as legal tender or for practical
purposes, by other countries such as close
neighbours and former colonies. The euro has
become the second most important international
currency after the dollar.
8. Why do we need it?
Apart from making travelling easier within the EU, a
single currency makes economic and political sense.
The framework under which the euro is managed
underpins its stability, contributes to low inflation and
good sound public finances. A single currency is also a
logical complement to the single market and
contributes to making it more efficient. Last but not
least, the euro gives the EU’s citizens a tangible
symbol of their European identity.
9. Which countries have adopted
the euro - and when?
Year Country
1999 Belgium, Germany, Ireland, Spain, France, Italy, Luxembourg,
the Netherlands, Austria, Portugal and Finland
2001 Greece
2002 Introduction of euro banknotes and coins
2007 Slovenia
2008 Cyprus, Malta
2009 Slovakia
2011 Estonia
2014 Latvia
11. Economic and Monetary Union of
the European Union (EMU 2014)
Two countries (Denmark and the
United Kingdom) have ‘opt-out’
clauses in the Treaty exempting
them from participation
In February 2013, the government
of Lithuania approved a plan for
euro adoption in 2015. However,
Lithuania has not yet met all the
economic criteria necessary to join
the euro.
12. The United Kingdom's currency is the pound
sterling and it has not declared plans to adopt
the euro in the foreseeable future. British public
opinion has consistently opposed joining the euro.
Opinion polls 19–21 December 2008, 71% of
respondents said they would vote No whilst 23% of
participants would vote Yes, and 6% were
undecided.
Denmark uses the krone as its currency and
does not use the euro, having negotiated an
opt-out from participation under
the Edinburgh Agreement in 1992. In 2000,
the government held a referendum on
introducing the euro, which was defeated
13. Convergence criteria of
Lithuania
Assessme
nt month
Country
inflation
rate
Budget deficit to
GDP
Debt-to-
GDP ratio
ERM II
member
Long-
term intere
st rate
2012 Repo
rt
Reference
values
max.
3.1%
(31 Mar
2012)
max. 3.0%
(Fiscal year
2011)
max. 60%,
or
decreasing
(Fiscal year
2011)
min. 2
years
(31 Mar
2012)
max.
5.80%
(31 Mar
2012)
Lithuania 4.2% 5.5% 38.5%
28 June
2004
5.19%
April 2013
Reference
values
max.
2.5%
(as of 31
Mar
2013)
max. 3.0%
(Fiscal year
2012)
max. 60%,
or
decreasing
(Fiscal year
2012)
min. 2
years
(as of 31
Mar 2013)
max.
4.81%
(as of 31
Mar 2013)
Lithuania 2.8% 3.2% 40.7%
28 June
4.53%
14. Benefits of the EURO
1. Transaction Costs
2. Price Transparency
3. 3. Eliminating Exchange Rate uncertainty
4. 4. Improvement in Inflation Performance.
5. 5. Euro could emerge as a global trading
currency
6. Inward investment
7. Economizing on foreign currency reserves
15. Potential adoption by
other countries
• EU – Bulgaria, Croatia, Czech Republic,
Denmark, Lithuania, Hungary, Poland,
Romania, Sweden, United Kingdom.
• Non- EU Iceland, Kosovo,
Montenegro.
16. Bibliography
1. http://ec.europa.eu/economy_finance/euro/index_en
.htm
2. "By the third protocol to the Cyprus adhesion Treaty
to EU and British local ordinance“
3. EMU: A Historical Documentation (European
Commission)
4. Hacker, Björn (2013): On the Way to a Fiscal or a
Stability Union? The Plans for a »Genuine« Economic
and Monetary Union, FES, online
at: http://library.fes.de/pdf-files/id/ipa/10400.pdf
5. http://www.euro-dollar-currency.com/index.htm
6. http://ec.europa.eu/internal_market/index_en.htm
17. Thank you for your attention
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Vielen Dank für Ihre Aufmerksamkeit
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