Not to be confused with the European System of Central Banks. The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The Eurosystem consists of the European Central Bank and the central banks of the member states that belong to the eurozon...
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http://en.wikipedia.org/wiki/Eurosystem
The Eurosystem is the central banking system of the euro area. It consists of the European Central Bank (ECB) and the euro area national central banks. The Eurosystem conducts the monetary policy of the euro area with the primary objective of maintaining price stability, i.e. to safeguard the value of the euro.
Found on
http://eur-lex.europa.eu/summary/glossary/eurosystem.html
The twelve national central banks of the euro area and the European Central Bank make up the eurosystem. It is the responsibility of the eurosystem to ensure the transition to the euro is as smooth as possible. Its primary objective is the maintenance of price stability and to protect the purchasing power of the euro. :: Central Bank (7th Edition...
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http://www.encyclo.co.uk/local/20977
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