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

Economic and monetary union. Legal and political texts (2007)

Secretariat General - Council of the European Union
Section: Introduction of the euro
Permanent Link: http://vlex.com/vid/455594
Id. vLex: VLEX-455594

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Summary:

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 Into Force- Article 17- Annex

Extract:

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

Amended by73:

- Council Regulation (EC) No 2596/2000 of 27 November 2000 74

- Council Regulation (EC) No 2169/2005 of 21 December 200575

- Council Regulation (EC) No 1647/2006 of 7 November 2006 76

[No 974/98 of 3 May 1998]

THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Article 1091(4), third sentence thereof,

Having regard to the proposal from the Commission 77,

Having regard to the opinion of the European Monetary Institute 78,

Having regard to the opinion of the European Parliament 79,

(1) Whereas this Regulation denes monetary law provisions of the Mem ber States which have adopted the euro; whereas provisions on continuity of contracts, the replacement of references to the ecu in legal instruments by references to the euro and rounding have already been laid down in Council Regulation (EC) No 1103/97 of 17 June 1997 on certain provisions relating to the introduction of the euro 80; whereas the introduction of the euro concerns day-to-day operations of the whole population in participating Member States; whereas measures other than those in this Regulation and in Regulation (EC) No 1103/97 should be examined to ensure a balanced changeover, in particular for consumers;...

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