As from 1 January 1999, the competence for monetary policy, exchange rate policy and currency law for the Member States which adopt the single currency will be transferred to Community level. The monetary policy of the Euro area will be defined and implemented by the European System of Central...

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...

With effect from 1 January 1999 the changeover to the single European currency will gradually take place. Although the final changeover will not occur until 1 Januaru 2002, and Euro notes and coins will only be available from that date, most enterprises will already be confronted with the Euro...

Following the decision of the Madrid European Council on the scenario for the introduction of the Euro, the Commission has undertaken a number of initiatives, both in the legislative and practical field, in order to step up preparations in the private sector and the within public administration.

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 group began by acknowledging the central role that traders will play in helping people understand prices and scales of values and accept the euro. Consumers are in direct physical contact with traders on an almost daily basis, and are thus by definition in a monetary relationship. The shop...

On 30 September 1998, the Monetary Committee of the European Union established an ad-hoc working party on the technical issues relating to the implications of Stage 3 of EMU for the European Bonds and Bills markets. The group is chaired by Mr Brouhns, General Secretary of the Finance Ministry of...

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...

This Paper presents aspects related to the use of Euro by Member States.

The introduction of the single European currency present few unceratinties for the continuity of contracts governed by New York law and the laws of other U.S. jurisdictions. In accordance with the State theory of money , all such contractual obligations must be discharged in accordance with the...