Report by the (Ecofin) Council to the European Council in Nice on the exchange rate aspects of enlargement 8 November 2000
Economic and monetary union. Legal and political texts (2007)
Secretariat General - Council of the European Union
Section: Exchange rate mechanism in the third stage of EM
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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 Participants in the Euro Area
Report by the (Ecofin) Council to the European Council in Nice on the exchange rate aspects of enlargement 8 November 2000
1. This report presents the views of the Council (Econ) on exchange rate strategies for the 12 candidate countries with which accession negotiations are under way (hereafter 'accession countries'). 2. The Council (Econ) has drawn on a report prepared by the services of the Commission, a contribution of the European Central Bank and the report which the Economic and Financial Committee had presented to the Informal Econ meeting in Versailles and which had met ...
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