The euro also serves as an anchor in currency board regimes there. The ongoing process of enlargement of the EU will have important repercussions for the international role of the euro. Now that accession talks and negotiations have started the question of the monetary policy relations between the euro area and the accession countries has become a major issue.
Poverty and exclusion continue to dominate socio-economic and political discourse in India as they have done over the last six decades in the post-independence period. Poverty reduction has been an important goal of development policy since the inception of planning in India. Various anti-poverty, employment generation and basic services programmes have been in operation for decades in India.