₦airaland Forum

Why cant each country in the Eurozone have a central bank ?

Cc grandstar , omohayek , blue3k

Yeah its in Brussels. Last time I checked the guy in charge Mario Draghi.

Correction Germany.

urahara:
Why cant each country in the Eurozone have a central bank ?

Where did you get the idea each country in the Eurozone doesn't have a central bank?

The European System of Central Banks (ESCB) consists of the European Central Bank (ECB) and the national central banks (NCBs) of all 28 member states of the European Union (EU).

Here is a list of central banks of Europe.

budaatum:
Where did you get the idea each country in the Eurozone doesn't have a central bank?

The European System of Central Banks (ESCB) consists of the European Central Bank (ECB) and the national central banks (NCBs) of all 28 member states of the European Union (EU).

Here is a list of central banks of Europe.

Yh but the monetary policies the ecb takes is used for all countries in the e.u that use the euro.

urahara:
Yh but the monetary policies the ecb takes is used for all countries in the e.u that use the euro.

Monetary Policy as formulated by the European Central Bank (ECB) and the national central banks (NCBs) of all 28 member states of the European Union (EU) that make up the European System of Central Banks (ESCB).