Ch.4 EU Agencies Fact

Question

Name the basic tasks of the Eurosystem.

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Answer

Define/implement euro-area monetary policy; hold & manage FX reserves; conduct FX operations; promote smooth payment systems; authorise euro banknote issuance.

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Monetary policy for the euro is an EXCLUSIVE EU competence (Art. 3(1)(c) TFEU).

EU history & treaties (EUR-Lex / european-union.europa.eu)

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Eurosystem legal basis Banknote issuance

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