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It is the LIBOR for euro denominated forwards and futures. It is used as the reference rate at which banks can borrow euro-denominated funds from each other.
When the European Monetary Union was founded, domestic rates like euro- PIBOR and euro- FIBOR were merged, thus creating one of the most liquid interbank interest rate markets.
The European Union (EU) is a political and economic union consisting of 27 member states. Established in 1993, the European Union’s headquarters are currently located in Brussels, Belgium. It...
The European Central Bank (ECB) is the central bank that oversees monetary policy of the eurozone. The eurozone is a geographic and economic region that consists of all the European Union (EU)...
The Eurogroup is an informal body where the finance ministers of the eurozone discuss matters relating to their shared responsibilities related to the euro. It is a slightly smaller version of the...
The Euro (EUR) is the official currency of the Eurozone, a group of 19 European Union (EU) member countries that have adopted the Euro as their common currency.
The European Parliament is the European Union’s law-making body. It is directly elected by EU voters every 5 years. It is a directly-elected EU body with legislative, supervisory, and budgetary...
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