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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1108 |
Essay's paper body
What we have witnessed instead is convergence towards the best performer.†(ECB, 2004)
The Euro area today is a zone of monetary stability, and interest rates are at levels last seen more than five decades ago, creating good conditions for economic growth.
The cash changeover, although it was carried out smoothly, it had some bad effects on prices...
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The irritation caused by some disproportionate price increases, especially in the service industry, in some euro area countries. Even though ECB’s statistics show that the changeover had a small impact on inflation (around 0.1 per cent to 0.3 per cent) people had the impression that inflation was much higher in the consumer price level...
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