EURO

Presented by – Srinivasula Reddy

Aruna
Central bank- EUROPEAN CENTRAL BANK (ECB)

• The ECB’s President is Mario Draghi

• The Vice-President is Luis de Guindos.
• The main decision-making body is the Governing Council, which consists of the six
members of the Executive Board plus the governors of the central banks of the 19
euro area countries.
• objective of monetary policy - to maintain price stability.
• The inflation rate of Europe is expected to 1.4% in 2019
Impact of inflation
• Inflation means general rise in the prices of the country, but the value of the currency
decreases compared to other nations
• If there is a change in value of the currency it impacts the economy whereas change in
price impacts the trading activities
• Ex: EURO/INR (assuming that Changes in inflation in India)

EUR INR
1 78
1 80
• The Gross Domestic Product (GDP) in European Union was worth 17277.70
billion US dollars in 2017.
• The GDP value of European Union represents 27.87 percent of the world
economy.
• The GDP in euro area was12589.50 billion US dollars in 2017
• Ireland -7.8%
• Germany -2.5%
• U.K -1.8%
• Italy- 1.5%
• Greece -1.4%

• The European Union is the second largest economy in the world in nominal
terms (after the United States) and according to purchasing power parity or
PPP (after China).
• Machinery
• Motor vehicles
• Aircraft
• Plastics
• Pharmaceuticals and other chemicals
• Fuels
• Iron and steel
• Nonferrous metals
• Wood pulp and paper products
• Textiles
• Meat
• Dairy products
• Fish
• Alcoholic beverages
• Machinery
• Vehicles
• Aircraft
• Plastics
• Crude oil
• Chemicals
• Textiles
• Metals
• Foodstuffs
• Clothing
• Germany remains the largest player in terms of European
trade, while the UK remains a financial hub for most
activities in Europe.
• The current population of Europe is 742,997,875 as of Monday, April 8,
2019, based on the latest United Nations estimates.
• Europe population is equivalent to 9.83% of the total world population.
• Europe ranks number 3 among regions of the world (roughly equivalent to
"continents"), ordered by population.
• The total land area is 22,134,900 Km2 (8,546,329 sq. miles)
• 74.5 % of the population is urban (553,612,921 people in 2019)
• The median age in Europe is 41.8 years
• Euro area unemployment at 7.8% in February 2019.

• Europe’s unemployment rate reached a recent high of 11% in the first and second
quarters of 2013.
• The steady decline since then reflects steady economic improvement in many EU
countries.
• Germany -3.2% (Jan 2019) Greece 18.5%
•
Spain 14.1%

Italy 10.5%

France 8.8%
• European Parliament president – Antonio Tajani.
• Term length: 2.5 years

• The President represents the European Parliament to the outside world and in its relations with the
other EU institutions.
• The current President of the European Council is Donald Tusk
• Term length-2.5 years