Discover and read the best of Twitter Threads about #EUROat20
Most recents (8)
As the euro has just turned 20, this is the perfect time to watch the great documentary by @Annalisap @ARTEfr which tells the long and winding road of the € in a very clear, concise & clever way. Lots of good anecdotes too. My top 5 🧵
arte.tv/fr/videos/0839…
arte.tv/fr/videos/0839…
1/ When Romano Prodi asks Helmut Kohl why he wants the euro against many of his backers and Kohl replies « I want the euro because my brother died in the war. »
2/ When Jacques Chirac is asked by a journalist why he is giving a press conference with the Italian PM since Italy might not be in the 1st batch of countries adopting the euro and Chirac replies: « Monsieur, il n’y a pas d’Europe sans l’Italie ».
To all EU history enthusiasts: in 2022 we will celebrate many anniversaries!
These milestones laid the foundations for the EU as we know it today.
Discover them in our thread 🧵
#EUArchives
These milestones laid the foundations for the EU as we know it today.
Discover them in our thread 🧵
#EUArchives
🙋♂️10 years of the European Citizens' Initiative
Since April 2012, the Citizens' Initiative allows Europeans to call on the European Commission to propose new EU legislation on a particular issue.
Find out more here → europa.eu/!fg98kR
#EUTakeTheInitiative #EUarchives
Since April 2012, the Citizens' Initiative allows Europeans to call on the European Commission to propose new EU legislation on a particular issue.
Find out more here → europa.eu/!fg98kR
#EUTakeTheInitiative #EUarchives
💶 20 years of the euro in circulation
On 1 January 2002, euro notes and coins became legal currency in 12 EU countries.
Today, 19 different countries use the euro.
There are over 140 billion coins and 27 billion banknotes in circulation.
#EUROat20 #EUarchives
On 1 January 2002, euro notes and coins became legal currency in 12 EU countries.
Today, 19 different countries use the euro.
There are over 140 billion coins and 27 billion banknotes in circulation.
#EUROat20 #EUarchives
[THREAD] In his speech at the #ECBForum, President Mario Draghi spoke about the past twenty years of the ECB’s monetary policy and the outlook for the future. #Euroat20 1/11
The first decade of Monetary Union was characterised by calm macroeconomic conditions, with limited volatility and steady economic growth. The second decade, however, has seen profound shifts in the prevailing environment. Our monetary policy strategy has had to adapt. 2/11
We responded in three main ways: by clarifying the symmetry of our aim, by laying out the tools we would use to counteract downside inflation risks and by operationalising our reaction function by launching a series of new instruments. 3/11
(THREAD) Mario Draghi spoke today at the European Parliament’s plenary session on the 20th anniversary of the euro. Read the full speech here ecb.europa.eu/press/key/date… #EUROat20 1/5
Draghi: Over the years, elected representatives and leaders, here and in other parliaments, have rightly recognised that ensuring economic prosperity and stability over the long term is a shared challenge that is best faced collectively. We are stronger together. #EUROat20 2/5
Draghi: The euro has safeguarded the integrity of the Single Market. Today, our economies are integrated to a point that was not imaginable when the euro was designed. Intra-EU exports have risen from 13% of EU GDP in 1992 to 20% today. #EUROat20 3/5
[THREAD] Executive Board member Yves Mersch spoke today about Slovakia’s economic success since joining the euro area 10 years ago. Read on to find out more and take a look at the full speech ecb.europa.eu/press/key/date… 1/4 #EUROat20
Yves Mersch: The Slovak economy has built strong ties to the Single Market, outperforming its central and eastern European neighbours in the euro area. Its export share is almost 100% of GDP, while nearly 20% of Slovak jobs depend on EU exports 2/4
Yves Mersch: Slovakia’s economic convergence has been impressive. Its GDP is approaching that of EU Member States that joined before 2004 (EU15) and is now also very close to catching up with the GDP of the Czech Republic – a country that did not join the euro 3/4
The #EUROat20 celebration should remind us of a few things we have known all along and others we figured out along the way. This thread traces some points I have made in my work on the € in the past three decades (which is a depressingly long period of time!). 1/20
I was fortunate to work on the politics of EMU @CEPS_thinktank in the early 1990s w/ Daniel Gros, Jeff Frieden, Francisco Torres, @pisaniferry, and a group of others as they puzzled through the implications of building a single currency. 2/20
@CEPS_thinktank @pisaniferry The book I wrote out of that experience was called ‘The Politics of Economic and Monetary Union: Integration and Idiosyncracy’ (rowman.com/ISBN/978084769…) and was published in 2002. The basic argument was upbeat – but with five important qualifications. 3/20
(THREAD) Mario Draghi is speaking at the School of Advanced Studies @SantAnnaPisa in Italy today. With the euro turning 20 soon, he looks back at the creation of the Single Market and its benefits. Read on to find out more. Full speech here ecb.europa.eu/press/key/date… #EUROat20 1/9
Draghi: The Single Market is often seen simply as an expression of the globalisation process, which over time has even eliminated exchange rate flexibility. But the Single Market and globalisation are not the same thing. 2/9
Draghi: Contrary to the wider process of globalisation, the Single Market has allowed Europe to impose its values on economic integration – to build as free and just a market as possible 3/9
The euro will be 20 years young next year.
It is a symbol of Europe in the world and has been the second most important international currency since day one.
Today, we present ways to further strengthen its global role. 💪💶
Thread. #EUROat20 #FutureofEurope
It is a symbol of Europe in the world and has been the second most important international currency since day one.
Today, we present ways to further strengthen its global role. 💪💶
Thread. #EUROat20 #FutureofEurope
The euro needs to strengthen its global role. Let's start with:
🇪🇺Completing the Economic Monetary Union
👌Fostering a European financial sector
🔗Linking to the international financial sector
💶Promoting the use of the € in key sectors
More → europa.eu/!YM37QB #EUROat20
🇪🇺Completing the Economic Monetary Union
👌Fostering a European financial sector
🔗Linking to the international financial sector
💶Promoting the use of the € in key sectors
More → europa.eu/!YM37QB #EUROat20
Despite the significant share of the euro in international payments, there is still space to expand its use in key strategic sectors.
We need a stronger #EUROat20 to protect European businesses and citizens. See why our factsheet ↓
We need a stronger #EUROat20 to protect European businesses and citizens. See why our factsheet ↓
