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The term Troika has been widely used in Greece, Cyprus (Greek: τρόικα), [1] [2] Ireland, [3] Portugal, [4] and Spain [5] to refer to the consortium of the European Commission, the European Central Bank and the International Monetary Fund that provided a bailout to these states since 2010, and the financial measures and government policies that the three institutions have demanded to be ...
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
Please help improve the article by providing more context for the reader. ( February 2020 ) ( Learn how and when to remove this message ) The European Committee for Banking Standards ( ECBS ) was formed in December 1992 by leading European banking associations to enhance the European technical banking infrastructure by developing standards.
The General Council performs the tasks which the ECB took over from the EMI and which, owing to the derogation of one or more member states, still have to be performed in Stage Three of Economic and Monetary Union (EMU). The General Council also contributes to: ECB's advisory functions; Collection of statistical information
The question of supervising the European banking system arose long before the financial crisis of 2007-2008.Shortly after the creation of the monetary union in 1999, a number of observers and policy-makers warned that the new monetary architecture would be incomplete, and therefore fragile, without at least some coordination of supervisory policies among euro members.
European troika, the decision group formed by the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) OSCE troika, the leadership of the Organization for Security and Co-operation in Europe: the chairman-in-office and the previous and incoming chairmen-in-office
The earliest recorded public use [7] of the expression "banking union" in the Eurozone crisis context was in an article by scholar Nicolas Véron published near-simultaneously by Bruegel, the Peterson Institute for International Economics and VoxEU.org (a website of CEPR) in December 2011. [8]
The following is a list of past and present members of the Executive Board of the European Central Bank. A member serves for a non renewable term of eight year. Since the ECB was established in 1998, the following people have served as Executive Board members: [2] Status