123-136

• Tsountas, C.
• Panagou, V.
• Papailias, Th.

The recent flourish of the Euro-markets is connected with restriction of state activity in the monetary sector. Moreover, the distinction between current payments and capital mobility is being problematic. Although the mechanism of euro-deposits, euro-loans and euro-bonds is fed by floating capital, in practice it is used as a tool of policy against monetary difficulties and the financing of economic growth. Consequently, these financial means, although international in character, have central role of national public interest.

• Economics and Business

• Economics

international monetary law, depository Bank, euro –credit, bank co-opation, financial clauses, euro-bond

JEL: F3