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Essay / Research Paper Abstract
A 3 page paper reviewing the address that the vice president of the European Central Bank made to the European parliament on April 29, 2003. Mr. Papademos was introducing the European Union’s annual report for 2002. The paper discusses the tools he used in calling parliament to action in stepping up planned structural reforms. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSspePapademos.rtf
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Unformatted sample text from the term paper:
Lucas D. Papademos, Vice-President of the European Central Bank, recently addressed the parliament of the European Union. His subject was the progress of the monetary union that began
with the introduction of the euro in 1999, specifically in terms of results being presented in the 2002 annual report of the European Central Bank. The Speech
Mr. Papademos did not appear before the parliament of the European Union to present the annual report of the European Union, but only to provide the
framework in which the annual report would be presented and to provide some background for the reasons underlying economic results of 2002. The European Central Bank (ECB) is the
European equivalent of the Federal Reserve Board in the United States; member states of the European Monetary Union no longer operate central banks of their own.
As Mr. Papademos told parliament, 2002 was a particularly noteworthy year for the euro. Though it was introduced in 1999, that was only for international trading
purposes. It was introduced as a real and tangible currency on January 1, 2002, at the same time that the national currencies of member states ceased to exist.
Appropriately, Mr. Papademos thanked the citizens of member states for making the transition to the new currency so relatively uneventful. Mr. Papademos began
by noting the historic nature of the year 2002, and telling the European parliament that he had two items to discuss during his time before the legislative body. First,
he said, he would review plans for enlargement of the European Monetary Union (EMU). Next, he would address the issue of economic growth that had occurred within the EMU
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