Reaching a significant number

Series Title
Series Details 21/01/99, Volume 5, Number 03
Publication Date 21/01/1999
Content Type

Date: 21/01/1999

Two hundred and thirty-two Euro MPs voted to censure the European Commission last week which, by completely irrelevant coincidence, is exactly the number of procedures which went smoothly out of 240 items on a European Central Bank checklist for the single currency launch.

There were “only eight minor incidents”, according to Tommaso Padoa-Schioppa, a member of the ECB's executive board.

However, the launch weekend did have its downside. “We have not tested our ability to take contingency measures,” said the Italian central banker during a recent trip to Brussels. Perhaps they better had.

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