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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]
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
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ECB board members Axel A. Weber and Jürgen Stark resigned in protest at this policy, even if it helped prevent states from defaulting. IMF economist Pau Rabanal argued that Trichet "maintained a relatively expansionary monetary policy," but even "sacrificed the ECB's inflation target for the sake of greater economic growth and jobs creation ...
The term grammar can also describe the linguistic behaviour of groups of speakers and writers rather than individuals. Differences in scale are important to this meaning: for example, English grammar could describe those rules followed by every one of the language's speakers. [2]
Hundreds of prisoners are helping to battle the wildfires in the Los Angeles area.. Incarcerated firefighters earn $26.90 to $34 for each 24-hour shift. It's far below California's minimum wage of ...
Grammatical abbreviations are generally written in full or small caps to visually distinguish them from the translations of lexical words. For instance, capital or small-cap PAST (frequently abbreviated to PST) glosses a grammatical past-tense morpheme, while lower-case 'past' would be a literal translation of a word with that meaning.
In Kenya, the World Bank's in-house Inspection Panel found the bank violated its policies by failing to do enough to protect the Sengwer, an indigenous minority group in Kenya's western forests. Over the past decade, the World Bank has regularly failed to enforce its