If a country is a Member State of the European Union and wants to enter in the euro area then this country has to prove the stability of its national currency through the participation in the Exchange Rate Mechanism II. 38) Could you tell us the individual salaries of the Executive Board members of the ECB?
Under our exchange control regime, this guarantee is binding for all trade and current account transactions.3 To ensure credible access to foreign exchange, the Bank seeks to balance inflows, principally from export earnings against demand stimulated outflows from income, drawdown of savings and domestic credit financed activities. The lever most controlled by the Bank is domestic credit.