www.ecb.int...
The list of states and their positions in the European Central Bank is a crucial factor in determining the future of the EU and the states within.
Germany holds a majority position by far but the natural runners-up are Italy, France, and the United Kingdom. But the German position far out-weighs
them all (not together) and the location of the European Central Bank is in the location of the former most important reserve bank for Europe,
Deutsche Bundesbank in Frankfurt am Main. I am curious of the policies of the Bank and its implications abroad since the Euro seems to gain on the
Dollar but has remained static against the Great Britain Pound and the Matlese Lira (the Maltese Lira is worth more than 2 Euros).
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When comparing currency valuations one must look at both countries and so the question begs is the Euro gaining against other currencies or are other
currencies by their own policies being weakened. This is an important question because the value of the Euro is determined by successful fiscal policy
and success is not measured by your opponents failure. The four major players in the value of the Euro is also of interest; and what they stand to
gain and how they intend to influence Euro policies to their advantages. More important also is who effects the Euro? Is it Germany? France? Britain?
etc.
sdw.ecb.int...
The growth rates of issued shares is shown to be a decline during the early 2000s and little recovery.
Germany was at 1.5 in 2001
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And dropped to .6 in 2003 and rose to recover to 1.3 in 2007.
France was at 1.2 in 2000
www.ecb.int... _2000.en.html
And took a small hit to .8 but recovered to 1.7 in 2007.
While stronger in outstanding share value than Germany this does not match the trends the Euroarea has shown.
You can do this also for Italy and see a non-related trend to the Euro area.
Suggestion is that Germany is probably the causal relationship to the effects of the Euro and this is important for policy setting. But that theory
can be more greatly tested at a later time. From all this though the European Central Bank is largely representative I think that it is dominated by
German policies and that is significant in considering the out look of the EU.
What are possible ramifications of an imbalance in interest and relations with the European Central Bank and various states?
