The European Central Bank
Type: Stockshots [short]
Frankfurt-on-Main - European Central Bank
Following the decisions announced for September or October 98 by Wim Duisenberg, the European Central Bank has been endowed with his own capital of slightly less than four billion Ecus, and has decided that the initial supply of banknotes for the Euro area should be mainly produced following a decentralised approach, which means that each national central bank may organise its own production of banknotes, printing them itself or entering into bilateral pooling arrangements. The Board of the ECB also examined conditions for participation in the TARGET system by central banks and credit institutions not participating in the EURO zone. The clip contains exterior views of the ECB, staff with the Euro banknote design, a meeting of the executive Board of the ECB, Wim Duisenberg in front of the EP session and the inauguration ceremony of the ECB.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Generic and title
||General exterior views of the ECB building in Frankfurt
||Staff with the Euro banknote design (2 shots)
||Meeting of the Executive Board of the ECB (5 shots)
||Wim Duisenberg, President of the European Central Bank, speaking (in ENGLISH) in front of the European Parliament session (15/07/98): "We decided in particular to establish a minimum reserve system (which could help in stabilising money market interest rates), while considering very carefully the implications for the banking sector". (2 shots)
||Inauguration of the ECB, opening ceremony (30/6/98) (2 shots)
||Wim Duisenberg speaking (in ENGLISH) on the importance of the introduction of the single currency, the Euro, and the European integration, process, which has been started after the Second World War