Extracts from the Treaty establishing the European Community
Economic and monetary union. Legal and political texts (2007)
Secretariat General - Council of the European Union
Section: Primary law
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http://vlex.com/vid/extracts-from-treaty-establishing-community-455582
Id. vLex: VLEX-455582
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- Article 116- Article 117- Article 118- Article 119- Article 120- Article 121 Article 122- Article 122- Article 124-
Extracts from the Treaty establishing the European Community
Part One Principles Article 2 The Community shall have as its task, by establishing a common market and an economic and monetary union and by implementing common policies or activities referred to in Articles 3 and , to promote throughout the Community a harmonious, balanced and sustainable development of economic activities, a high level of employment and of social protection, equality between men and women, sustainable and non-inflationary growth, a high degree of competitiveness and convergence of economic performance, a high level of protection and improvement of the quality of the environment, the raising of the standard of living and quality of life, and economic and social cohesion and solidarity among Member States. Article 4 1. For the purposes set out in Article 2, the activities of the Member States and the Community shall include, as provided in this Treaty and in accordance with the timetable set out therein, the adoption of an economic policy which is based on the close coordination of Member States' economic policies, on the internal market and on the denition of common objectives, and conducted in accordance with the principle of an open market economy with free competi tion. 2. Concurrently with the foregoing, and as provided in this Treaty and in accordance with the timetable and the procedures set out therein, these activ ities shall include the irrevocable xing of exchange rates leading to the intro duction of a single currency, the ecu, and the denition and conduct of a single monetary policy and exchange rate policy the primary objective of both of which shall be to maintain price stability and, without prejudice to this object ive, to support the general economic policies in the Community, in accordance with the principle of an open market economy with free competition. 3. These activities of the Member States and the Community shall entail compliance with the following guiding principles: stable prices, sound public nances and monetary conditions and a sustainable balance of payments. Article 8 A European system of central banks (hereinafter referred to as 'ESCB') and a European Central Bank (hereinafter referred to as 'ECB') shall be established in accordance with the procedures laid down in this Treaty; they shall act within the limits of the powers conferred upon them by this Treaty and by the Statut...
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