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The EcoWin database consists of five million economic and financial time series sourced from over eight hundred primary sources, covering more than one hundred countries worldwide, as well as regional aggregates such as Euro Zone, Europe, Africa and the Americas. dollars is EUR 1 to approximately 96 cents throughout the 12-nation euro zone. While the latter ratio had barely been met in 1999 with the beginning of the Euro and the ECB, the deficit-to-GDP ratio was a more crucial issue particularly because the Stability and Growth Pact adopted by the Euro starter countries required member countries of the euro zone to achieve a nearly balanced budget in the medium term. |
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