Creation and Integration of the Eurozone Government Bond Market, 1999–2015

1. Euribor published as a common reference rate

   Dec 30, 1998Labels: Euribor, Euro interbank

   • Euribor

2. Euro introduced as book money

   Jan 1, 1999Labels: Euro introduction, Euro area

   • Bundesbank
   • Britannica

3. Eurosystem collateral eligibility includes government bonds

   Jan 1, 1999Labels: Eurosystem, Government bonds

   • ECB

4. TARGET payments system supports euro money market

   Jan 7, 1999Labels: TARGET, Eurosystem payments

   • ECB

5. EONIA begins as overnight euro benchmark

   Jan 7, 1999Labels: EONIA, Overnight benchmark

   • FRED

6. Clearstream created via Cedel–Deutsche Börse Clearing merger

   Jan 10, 2000Labels: Clearstream, Cedel merger

   • SEC filing
   • Clearstream

7. Euro cash changeover completes currency transition

   Jan 1, 2002Labels: Euro cash, Cash changeover

   • Bundesbank
   • EU OP

8. MiFID adopted to reshape EU trading rules

   Apr 21, 2004Labels: MiFID, EU directive

   • EUR Lex

9. ECB launches first covered bond purchase programme

   May 7, 2009Labels: ECB, Covered bonds

   • ECB

10. ECB starts Securities Markets Programme (SMP)

    May 10, 2010Labels: SMP, ECB programme

    • ECB

11. EFSF becomes operational and can issue bonds

    Aug 4, 2010Labels: EFSF, Supranational issuer

    • ESM
    • IMF

12. OMT technical features announced; SMP terminated

    Sep 6, 2012Labels: OMT, SMP termination

    • Banco Espa a
    • ECB

13. ESM treaty enters into force

    Sep 27, 2012Labels: ESM, Crisis mechanism

    • ESM Treaty
    • ESM

14. Euro-area fiscal reporting shifts to ESA 2010

    Sep 1, 2014Labels: ESA 2010, Eurostat

    • Eurostat

15. EU Court upholds ECB’s OMT program (Gauweiler)

    Jun 16, 2015Labels: CJEU, OMT ruling

    • Wikipedia
    • Concurrences