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Technology: EU Accession - EU's New Entrants Get Up To Speed - Central Banks In The New EU Member States Are At Different Levels Of Technological Advancement, With Some Even Ahead Of Their Western Counterparts. Michael Imeson Reports.

Publication: The Banker
Publication Date: 01-JUN-04 		Format: Online - approximately 674 words
Delivery: Immediate Online Access
Full Article Title: Technology: EU Accession - EU's New Entrants Get Up To Speed - Central Banks In The New EU Member States Are At Different Levels Of Technological Advancement, With Some Even Ahead Of Their Western Counterparts. Michael Imeson Reports.(European Union)

Article Excerpt
The European Union gained 10 more countries last month, and with them 10 more central banks. For anyone doing business with central banks, the EU is a bountiful hunting ground, now with 26 such institutions - one for each country, plus the European Central Bank.

The central banks of the acceding countries have automatically joined the European System of Central Banks (ESCB) - which among other things defines and implements the EU's monetary policy and conducts foreign exchange operations. In doing so they have had to meet several requirements.

How have these central banks met the twin challenges of EU...

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