|
2007
|
|
March |
8 |
European
Central Bank raises official
interest rate to 3.75%. |
| April |
13 |
Publication
of Law 6/2007 in Official Government Bulletin (BOE) modifying the regulations applying
to takeover bids
which come into force in mid-August. |
| June |
6 |
European
Central Bank raises official
interest rate to 4.00%. |
| |
14 |
Parliament
approves new Law on
Safeguarding Competition
with creation of National Competition Commission. |
| |
21 |
EU
Council of Ministers approves adoption
of euro as national currency for Malta and Cyprus
as of January 1, 2008. |
| August |
9 |
European
Central Bank injects extraordinary liquidity into interbank market as early emergency
move
to ease pressures set off by subprime
mortgage crisis in United
States. |
| |
13 |
US
Federal Reserve reduces discount interest rate from 6.25% to 5.75% in order to relieve
effects of subprime
mortgage crisis. |
| September
|
18 |
Federal
Reserve reduces reference
rate to 4.75%. |
| October |
9 |
Dow
Jones index for New
York stock exchange marks
up all-time record (14,164.5), a rise of 13.7% compared with end of 2006. |
| |
19 |
European
Council agrees to adopt the Treaty
of Lisbon in place of the
European Constitution. |
| |
31 |
Federal
Reserve cuts reference rate
to 4.50%. |
| November
|
8 |
IBEX
35 index for Spanish
stock market marks up all-time
high (15,945.7) with cumulative gains
of 12.7% compared with end of December
2006. |
| December
|
11 |
Federal
Reserve cuts reference rate
to 4.25%. |
| |
13 |
Central
banks in United States, Euro Area, United Kingdom, Switzerland and Canada announce
plan for coordinated
measures to relieve difficulties in monetary markets
brought about by financial upsets.
|
|
2008
|
|
January
|
1 |
Further
enlargement of Euro
Area with entry of Cyprus
and Malta, making 15 member states. |
| |
22 |
Federal
Reserve reduces reference
rate to 3.50%. |
| |
30 |
Federal
Reserve reduces reference
rate to 3.00%. |
| March
|
9 |
Spanish
Socialist Workers Party wins general
elections. |
| |
14 |
One-month
forward price of Brent quality oil
hits all-time high of 106.54 dollars a barrel. |
| |
18 |
Federal
Reserve cuts reference rate
to 2.25%. |
| |
31 |
Euro
exchange rate goes to 1.581 dollars, highest value since launch of European Single
Currency at beginning of 1999. |
