Economic and monetary union. Legal and political texts

Council of the European Union Secretariat General
European Union Publications Office, 2007

ISBN 92-824-3259-9

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Table of Contents

Preface

Introductory note

Primary law

Extract from the Treaty on European Union

Title I Common Provisions- Article 2

Extracts from the Treaty establishing the European Community

Part One Principles- Article 2- Article 4- Article 8- Part Three Community Policies- Title VII Economic and Monetary Policy- Chapter 1 Economic Policy Article 98- Article 99- Article 100- Article 101- Article 102- Article 103- Article 104 Chapter 2 Monetary Policy- Article 10s- Article 111,- Article 106- Article 107- Article 108- Article 109 Article 110- Article 111- Chapter 3 Institutional Provisions- Article 112- Article 113- Article 114- Article 115 Chapter 4 Transitional Provisions- Artic...

Protocols annexed to the Treaty establishing the European Community

Protocol (No 18) on the Statute of the European System of Central Banks and of the European Central Bank (1992)- Chapter I Constitution of the ESCB- Article i The European System of Central Banks- Chapter II Objectives and Tasks of the ESCB- Article 2 Objectives- Article 3 Tasks- Article 4 Advisory functions Article 5 Collection of statistical information- Article 6 International cooperation- Chapter III Organisation of the ESCB- Article 7 Independence- Article 8 General principle- Article 9 ...

Extracts from acts of accession

Part One Principles -Article 4 -Part One Principles -Article 5

Economic policy coordination

General framework

Introduction- Developing the Economic Pillar- Renewed Commitment- Resolution of the European Council of 13 December 1997 on economic policy coordination in Stage III of EMU and on Treaty Articles 109 and 109b of the EC Treaty - I. Coordination of economic policies in Stage III of economic and monetary union (EMU)- II. Implementing the Treaty provisions on the exchange rate policy, external position and representation of the Community (Article 109 of the Treaty)- III. Dialogue betwe...

The Stability and Growth Pact

Resolution of the European Council on the Stability and Growth Pact Amsterdam, 17 June 1997 -The Member States- The Commission- The Council- Declaration by the Council (Ecofin) and the ministers meeting in that Council issued on 1 May 1998 - European Council Brussels 22 and 23 March 2005 Presidency conclusions (extract)- I. Stability and Growth Pact- Annex II: Improving the implementation of the Stability and Growth Pact - Council Report to the European Council - 1. Improving governance...

Specifications on the implementation of the Stability and Growth Pact and guidelines on the format and content of stability and convergence programmes

Section I - Specifications on the Implementation of the Stability and Growth Pact- A. The Preventive Arm of the Stability and Growth Pact- 1. The medium-term budgetary objective (MTO)- 1) The adjustment path toward the medium-term budgetary objective and deviations from it- 2) Commission policy advice and warning- B. The Excessive Deficit Procedure- 1) Commission report under Article 104(3)- 2) Increasing the focus on debt and sustainability- 3) The decision on the existence of an excessive d...

Introduction of the euro

Madrid European Council 15 and 16 December 1995 Presidency conclusions (extract)

Economic revitalisation of Europe in a socially integrated framework- A. Economic and monetary union- I. The scenario for the changeover to the single currency

Council Regulation (EC) No 2866/98 of 31 December 1998 on the conversion rates between the euro and the currencies of the Member States adopting the euro

Article 1 -Article 2

Council Regulation (EC) No 1103/97 of 17 June 1997 on certain provisions relating to the introduction of the euro

Article 1- Article 2- Article 3- Article 4- Article 5- Article 6

Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro

Part I: Definitions- Article 1- Article 1a- Part II: Substitution of the Euro for the Currencies of the Participating Member States- Article 2- Article 3- Article 4 Part III: Transitional Provisions- Article 5 Articles 6, 7, 8 and 9 shall apply during the transitional period.- Article 6- Article 7- Article 8- Article 9- Article 9a Part IV: Euro Banknotes and Coins- Article 10- Article 11- Article 12- Part V: Final Provisions- Article 13- Article 14 Article is- Article 16- Part VI: Entry Int...

Exchange rate mechanism in the third stage of EM

Resolution of the European Council on the establishment of an exchange rate mechanism in the third stage of economic and monetary union Amsterdam, 16 June 1997

1. Principles and Objectives- 2. Main Features

Report by the (Ecofin) Council to the European Council in Nice on the exchange rate aspects of enlargement 8 November 2000

Prior to Accession, There are no Formal Restrictions on the Choice of an Exchange Rate Regime.- Upon Accession, New Member States Shall Treat Their Exchange Rate Policy as a Matter of Common Interest- After Accession, Although Not Necessarily Immediately, Accession Countries are Expected to Join the ERM- After Application of the Procedure Provided for in the Relevant Parts Of The Treaty, The New Member States Will Adopt The Euro In A Manner That Ensures Equal Treatment with the Initial Partic...

Common Statement on acceding countries and ERM2 Athens, 5 April 2003

Agreement of 16 March 2006 between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange rate mechanism in Stage III of economic or and monetary union

I. Central Rates and Fluctuation Bands- Article 1- II. INTERVENTION- Article 2 General provisions- Article 3 Intervention at the margins- Article 4 Coordinated intramarginal intervention- Article 5 Procedures for intervention and other transactions- III. Very Short-Term Financing Facility- Article 6 General provisions- Article 7 Financing of intervention at the margins- Article 8 Financing of intramarginal intervention- Article 9 Remuneration- Article 10 Automatic renewal- Article 11 Renewal ...

Agreement of 21 December 2006

Article 1- Article 2- Article 3- Article 4- Annex 'annex II : Ceilings on Access to the Very Short-Term Financing Facility Referred to in Articles 8,10 and 11 of the Central Bank Agreement with effect from 1 January 2007

External representation of the Community

Resolution of the European Council on economic policy coordination in Stage III of EMU and on Articles 109 and 109b of the EC Treaty

II. Implementing the Treaty provisions on the exchange rate policy, external position and representation of the Community (Article 109 of the Treaty)

Report to the European Council on the state of preparation for Stage III of EMU, in particular the external representation of the Community

1. Representation at the G7 Finance Ministers' and Governors' Group 2. Representation at the International Monetary Fund 3. Composition of Ecofin/EUR-n delegations for missions to third countries

Statutes of the Committees

Council Decision of 21 December 1998 on the detailed provisions concerning the composition of the Economic and Financial Committee (98/743/EC)

Article 1- Article 2- Article 3- Article 4

Council Decision of 18 June 2003 on a revision of the Statutes of the Economic and Financial Committee (2003/476/EC)

Article 1- Article 2- Annex Statutes of the Economic and Financial Committee- Article 1- Article 2- Article 3- Article 4- Article 5- Article 6- Article 7- Article 8- Article 9- Article 10- Article 11- Article 12- Article 13- Article 14

Council Decision of 29 September 2000 on the composition and the statutes of the Economic Policy Committee

Article 1- Article 2- Article 3 - Annex Statutes of the Economic Policy Committee- Part I: Tasks of the Committee- Article 1- Article 2 Article 3- Part II: Composition- Article 4- Article 5- Part III: President And Secretariat- Article 6- Article 7 Article 8- Part IV: Proceedings- Article 9- Article 10- Article 11- Article 12- Article 13 Article 14- Article is- Article 16

Council Decision of 18 February 2003 concerning the establishment of the Financial Services Committee (2003/165/EC)

Annex

Tables of equivalences referred to in Article 12 of the Treaty of Amsterdam (extracts)

A. Treaty on European Union B. Treaty establishing the European Community

Annex

Annex Statutes of the Economic Policy Committee- Part I: Tasks of the Committee- Article 1- Article 2- Article 3- Part II: Composition- Article 4- Article 5- Part III: President And Secretariat- Article 6- Article 7- Article 8- Part IV: Proceedings- Article 9- Article 10- Article 11- Article 12- Article 13- Article 14- Article is- Article 16 The Committee shall adopt its own procedural arrangements.- Council Decision of 18 February 2003 concerning the establishment of the Financial Services C...