Talk:European Exchange Rate Mechanism

From Wikipedia, the free encyclopedia

	This article is part of the WikiProject Numismatics, which is an attempt to facilitate the categorization and creation of accurate and formal Numismatism-related articles on Wikipedia. If you would like to participate please visit the project page, where you can join and see a list of open tasks to help with.
???	This article has not yet received a rating on the quality scale.
???	This article has not yet received a rating on the importance scale.

1 Stripping/fixing
2 ERM II
3 1993
4 Table
5 contradict

[edit] Stripping/fixing

This page should be stripped to the information just regarding the ERM, not the EMS, as that is found in the European Monetary System article. Or what do you think? --Vikingstad 23:46, Jun 10, 2004 (UTC)

It is not entirely clear to me what information belongs only in the ERM article and not here. In any case, I think a small bit of overlap is ok. Viajero 08:03, 11 Jun 2004 (UTC)

Beside the fact, that ERM and EMS have some overlap, I also got the impression, that in it's current state the article ERM mainly deals with EMS (e.g. wasn't the ECU only a means of the EMS, but not of the ERM?) In addition there seems to be some confusion regarding the interlanguage linking, at least between the German version and the respective English versions, if I got it right: what links to ERM from the German Wikipedia seems to be the article about the EMS. But, maybe, I'm not distinguishing the English terms EMS and ERM correctly? --SteffenB 13:55, 20 Jun 2004 (UTC)

Different Issue - capitalisation of currency names: Really mixed, upper case ("Pound Stirling", "Euro") as well as lower case ("lira", "krone", "euro")? --SteffenB 13:55, 20 Jun 2004 (UTC)

[edit] ERM II

According to BBC News, Estonia, Lithuania and Slovenia are the first new EU members to join ERM II. Also, ECB has news articles for each one [1] [2] [3]. I couldn't ever find one for Cyprus. So I suspect their Central Bank just jumped a bit early (they had a news article saying they were already in ERM II) - they will probably be joining very soon of course.

Zoney 10:09, 28 Jun 2004 (UTC)

Yeah, it seemed suspicious to me too, but I didn't want to contradict the external link. --Shallot

[edit] 1993

In 1993, the margin had to be expanded to 15% to accommodate monetary problems with the Italian lira and the Pound Sterling. I think that this had little to do with the UK Pound, which had left the year before, and rather a lot to do with the Deutchmark and the French Franc. European Monetary System has a similar selective history. --Henrygb 18:55, 15 Nov 2004 (UTC)

The italian lira was having problems at the same time as the pound was. The statement probably means that because of the difficulties which both countries had experienced, they changed the margin. -- 80.229.143.117 01:37, 28 Mar 2005 (UTC)

[edit] Table

I tried to add a historical exchange rate section to the table, but the table syntax was messed up. Can someone correct this? (218.228.195.44 05:39, 14 July 2006 (UTC))

I revert it, just for now. I'm wondering, why would the rate be 353.109? Isn't 1 euro 340.750 drachmas? --Chochopk 10:20, 14 July 2006 (UTC)

The final rate doesn't have to be the same as the ERM II rate. For Slovenia both are the same, though. But it seems that Greece was 353.109 GRD per EUR until 2000-01-15, when it was changed into 340.750 GRD per EUR. I guess the article should mention both rates. See [4] [5]. (218.228.195.44 15:23, 14 July 2006 (UTC))