This report has been prepared to meet the Commission's commitment to carry out, before the end of 1998, an initial evaluation of the implementation of its Recommendation 98/286/EC on banking charges for conversion to the Euro. The report sets out, as a basis for consultation, the information...

The introduction of the euro will be a major event for international monetary relations and the international monetary system. It will have important implications not only for the Union and its Member States but also for other countries in the world. The size of the euro area, the stability...

Enclosed in this "Euro Paper" you will find: -the ECOFIN Council conclusions on practical aspects of introducing the euro; - the three Commission recommendations on practical aspects of the introduction of the euro; - the conclusions of the Round Table on the euro of 26th February 1998.

Preparations for the introduction of the euro are underway in all sectors. The Commission Communication on "Practical Aspects of the Introduction of the Euro" of October 1997, provided information on these ongoing preparations at national and European level by both the private and the public...

The paper discusses the impact of EMU on the 12 Mediterranean partner countries. It argues that the introduction of the euro is likely to have a positive, albeit limited, impact on the region. The Mediterranean partners will benefit from a more predictable and transparent external environment...

The following fact sheets provide an overview of the state of preparations for the changeover of public administrations to the euros as of 15 May 1998. All eleven participating Member States are now in the process of enacting euro-related legislation which will come into force on 1 January 1999....

The purpose of these "explanatory notes" is to present a comprehensive and accurate description of EMU in all its aspects. These notes are more specifically aimed at information multipliers and specialists. They shall provide them with detailed explanation on the institutional, technical and...

Rounding of currency amounts is a widespread phenomenon in currency matters. Even if a non-currency environment rounding is often unavoidable, e.g. in the calculation of interests or fees. The purpose of the present document is to respond in a systematic manner to the various questions on...

As from 1.1.1999 the currency of the participating Member States shall be the Euro". This sentence will be one of the core provisions of the monetary law of the monetary law of the Member States which will have adopted the Euro at the beginning of the third stage of Economic and Monetary Union....

Economic and Monetary Union is a further step in the ongoing process of European economic integration. In this respect, it is also part of the wider integration in the global economy. EMU will enable the European Union to meet the challanges of globalisation.