P541 Teletext 549 Jan 0 00:10:04      NEWS  ————————————————  ———————  TELETEXT'S GUIDE TO "EUROBABBLE" The launch of the euro heralds a nbw era in financial terms and expressions, some of which are rather more obscure than others: EMU stands for Economic and Monetary Union or in plain English 'the single European currency'. EMU combines 11 European countries into an economy almost the size of the US. ——————————————————————————————————1/6—— Advice clinic 543 Holiday £ 548 ANY PURPOSE LOANS - SEE PAGE 627 OR CALL WILMSLOW FREE ON 0800 269315 Your money Advice Property Euro Money
P541 Teletext 543 Jan 2 00:10:01      NEWS  ————————————————  ———————  TELETEXT'S GUIDE TO "EUROBABBLE" The launch of the euro heralds a new era in financial terms and expressions: The EU - The European Union was previously known as the European Community (EC) - an institutional framework for the construction of a united Europe - 15 countries are members of the EU. EEC - Rome Treaties in 0858 set up the European Economic Community. UK joins European Community (EC) in '73. ——————————————————————————————————2/6—— Sport 130 ITV Premiership 170 C4 The new 1999 Pontin's brochure is out now. SEE PAGE 371 Your money Advice Property Euro Money
P541 Teletext 549 Jan 2 00:10:00      NEWS  ————————————————  ———————  TELETEXT'S GUIDE TO "EUROBABBLE" The launch of the euro, the EU's official single currency, brings together a host of financial terms - some familiar, but others more obscure: EMS - The European Monetary System came into being in 1979 with the —pm of creating currency stability. EMS created ecu which later became euro. ERM - Exchange Rate Mechanism came about to l—intain strict currency stability. ——————————————————————————————————3/6—— Tourist rates 548 Savings 546 MOVE TO A MORTGAGE THAT CAN ONLY MOVE DOWN. SEE p628 Your money Advice Property Euro Money
P541 Teletext 541 Jan 2 00:11:11      NEWS  ————————————————  ———————  TELETEXT'S GUIDE TO "EUROBABBLE" New and familiar terms in Euroland include: ECB - The European Central Bank. It is responsible for framing and implementing exchange-rate policy and setting short-term interest rates. ESCB - The European System Of Central Banks. This groups together the ECB and the national central banks participating in the euro. ——————————————————————————————————4/6—— Borrowing money 547 Money news 541 BUSINESS BRIEFING ON OUR 'FB SITE GO TO: www.teletext.co.uk Your money Advice Property Euro Money
P541 Teletext 541 Jan 2 00:10:10      NEWS  ————————————————  ———————  TELETEXT'S "EUROBABBLE" GUIDE The launch of the euro has displaced a number of financial terms which have largely disappeared. One of those is: ECOFIN - This stands for Economic And Finance Ministers Council which shapes economic policy in the EU. Euroland in contrast, is now an everyday term and refers to the countries participating in EMU. ——————————————————————————————————5/6—— Premium Bonds 549 Mortgages 545 BUSINESS BRIEFING ON OUR 'BB SITE GO TO: www.teletext.co.uk Your money Advice Property Euro Money
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