Talk:European Exchange Rate Mechanism

Gold reserves

The wiki mentioned that Britain spent the gold reserves trying to stay within ERM - but Britain still has gold reserves, which was made a point of when Gordon Brown sold half of it. —Preceding unsigned comment added by 81.178.69.164 (talk) 14:54, 7 September 2009 (UTC)

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)

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

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)

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))

contradict

When did the Slovakian koruna join ERM? This article says 25 November 2005 (Friday), Currencies related to the euro says 26 November 2005 (Saturday). The central bank says 28 November 2005 (Monday). --Chochopk 06:45, 24 July 2006 (UTC)

Decision was taken on 25 November 2005 going into force as of 28 November 2005 European Central Bank. So presume the most correct that is 28 November 2005. --Donar Reiskoffer 14:51, 25 July 2006 (UTC)

Very clear article

Congratulations folks, the ERM article is comprehensible even to people outside the field. I'm an engineer and don't know much about financial things, but I enjoyed reading it. Many Wikipedia articles are orgies of bloated, vain mumbo-jumbo, but your article is very clear and comprehensible. Thank you. Way to go. --193.99.145.162 16:26, 18 February 2007 (UTC)

Map for ERM

a small suggestion- the sky blue colour for many of the european countries makes them appear as though they are 'the sea'. It would be more clear if the colour could be changed to something other than blue... —Preceding unsigned comment added by 86.155.242.213 (talk) 20:04, 9 June 2009 (UTC)

Something fishy with Greek ERM II rates?

It says that the ERM II rate for GRD was 353.109 GRD/EUR in the beginning. I downloded the EUR and GRD rates as published by the Swedish central bank[6], and they state that the GRD was floating between 319.55 and 332.01 GRD/EUR during that period. 353.109 GRD/EUR is not even part of that interval! (212.247.11.156 (talk) 23:01, 11 February 2010 (UTC))

Italian departure and re-entry

The article makes no mention of Italy's departure from the ERM in September 1992 and its reacceptance in November 1996. Should I add this information? 92.151.191.190 (talk) 15:01, 8 September 2011 (UTC)

Swiss Central Bank action not a peg

It happens the Swiss compromise to keep the euro at 1.20 CHF minimum is not a peg. I looked some reliable source for this and added the reference. — Preceding unsigned comment added by 95.92.77.117 (talk) 22:27, 3 November 2011 (UTC)

To further the point, what exactly does Switzerland have to do with the ERM? The article states the pretty obvious fact: Switzerland is not a member of the EU and this article is about the EU. The Swiss National Bank's motive for maintaining the EUR/CHF 1.20 exchange rate it is to protect its exports from an overvalued CHF as a result of the debt crisis and the perception of the CHF as a safe haven currency. The Swiss franc has nothing to do with the ERM and does not belong in this article. Deltabrainwave (talk) 13:56, 12 July 2012 (UTC)

Sweden and ERM II

“Sweden is expected to participate in ERM II”: by whom? Could this be rephrased, perhaps in the negative? “Sweden has not joined ERM II, …”. JDAWiseman (talk) 14:42, 26 September 2012 (UTC)

Agreed, this seems like WP:CBALLing, and there really is no expectation that they will join in the near future. I'll change it to "legally obliged" to join. TDL (talk) 18:58, 26 September 2012 (UTC)

Application

May a country apply the ERM II at any time or is an application bound to a meeting of Eurogroup? --134.176.205.164 (talk) 00:16, 5 July 2013 (UTC)

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