These texts are an addendum to the texts originally published as Europaper No 7 "Compilation of community legislation and related documents", and should be read in conjunction with that work. A definitive version of the compilation will be published later in the year.

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...

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...

Exchange rate variability is a central theme in the debate on the performance of exchange rate regimes. The consequences of this variability for economic activities have always been a major concern of policy makers. The present study focuses on international trade. The aim is to construct a...

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....

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...

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...

This study attempts to analyze how the continuity of contracts governed by the laws of New York State and other U.S. jurisdictions will be treated in the event that existing European Union (EU) currencies are replaced by a new single European currency. This analysis will be taken in several stages.

While underlining the advantages of the euro for European businesses in general, the Group identified two main types of constraint of particular concern for small businesses. The greatest difficulties relate to the accounting consequences of the shift to the euro. The second kind of constraint...

The experts first looked at the importance of taking action via the school system in providing information on the euro, studying the advantages such information could bring, particularly thanks to the information transfer potential of the target public, and the repercussions such action could...