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  Güncelleme: 27/03/2007

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Analytical examination of the acquis

CHAPTER 17 - ECONOMIC AND MONETARY POLICY (EMP)

 Agenda for the Explanatory Screening

 16.02.2006

 

Time

Subject

Acquis references

Speaker 

I.             Introduction

9:00 - 09:20

Welcome and introductory remarks – Chairman

Dirk Lange, DG Enlargement

9:20 - 10:15

Introduction: Presentation of the scope of the exercise

Peter Grasmann, DG ECFIN D1

o      Documentation and presentations

Legal Convergence

Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5

o      Status of candidate countries vis-à-vis the EMP acquis

Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5

o      Framework for EMU: economic integration
 

Art 4 TEC – EUR-Lex hyperlinkpdf

Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5

o      Framework for EMU: legal approximation

Art 109 TEC - EUR-Lex hyperlinkpdf

Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5

o      Capacity to participate in economic policy coordination, to participate in fiscal surveillance and to conceive and implement a consistent set of economic policies

Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5

10:15 – 10:30

Questions and Answers

10:30 –10:45

Coffee break

II.            Session 1: The acquis in the area of economic policy

10:45 - 11:30

Participation in the procedure of coordination of economic policies

o      Institutional settings for economic policy coordination

Alexandr Hobza, DG ECFIN E1

o      Broad Economic Policy Guidelines
 

Art 99(2) TEC – EUR-Lex hyperlink: pdf

Alexandr Hobza, DG ECFIN E1

o      Multilateral surveillance
 

Art 99(3) TECEUR-Lex hyperlink: pdf

Alexandr Hobza, DG ECFIN E1

o      Balance-of-Payments assistance

Art 100 TEC - EUR-Lex hyperlink: pdf

Art 119 TECEU-Lex hyperlink: pdf

Magnus Astberg, DG ECFIN C4

11:30 – 11:45

Questions and Answers

11:45 – 12:45

The acquis in the area of fiscal policy

o      Excessive Deficit Procedure

 

Art 104 TEC - EUR-Lex hyperlink: pdf

Treaty protocol on the excessive deficit procedure: EUR-Lex Hyperlink: pdf

31993R3605
Council Regulation (EC) No 3605/93 of 22 November 1993 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community
(Official Journal L 332 31.12.1993 p. 7) EUR-Lex nr: 10.30.30, hyperlink: html

as amended by

32000R0475

Council Regulation (EC) No 475/2000 of 28 February 2000 amending Regulation (EC) No 3605/93 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community

(Official Journal L 058 , 03/03/2000 P. 0001 – 0002) – EUR-Lex nr: 10.30.30, hyperlinkhtml

and by

32002R0351

Commission Regulation (EC) No 351/2002 of 25 February 2002 amending Council Regulation (EC) No 3605/93 as regards references to ESA 95

(Official Journal L 055, 26/02/2002 P. 0023 – 0023) – EUR-Lex nr: 10.30.30,  hyperlink : html

Marko Mrsnik, DG ECFIN C2

 

o      Sanctions regarding excessive deficits

Art 104(9) and (11) TEC - EUR-Lex nr: 10.30.30, hyperlink: pdf

Marko Mrsnik, DG ECFIN C2

o      Stability and Growth Pact

31997R1466

Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies

(Official Journal L 209 02.08.1997 p.1) - EUR-Lex nr : 10.30.30, hyperlinkhtml

amended by

 

32005R1055

Council Regulation (EC) No 1055/2005 of 27 June 2005 amending Regulation (EC) No 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies

(Official Journal L 174 , 07/07/2005 P. 0001 – 000)- EUR-Lex nr: 10.30.30, hyperlink : html

31997R1467

Council Regulation (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure

(Official Journal L 209, 02/08/1997, p. 0006-0011) - EUR-Lex nr: 10.30.30, hyperlinkhtml

amended by

32005R1056

Council Regulation (EC) No 1056/2005 of 27 June 2005 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure
(
Official Journal L 174 , 07/07/2005 P. 0005 – 0009)
EUR-Lex nr: 10.30.30, hyperlink html

Marko Mrsnik, DG ECFIN C2

o      Statistics requirement and capacity to produce and analyse good statistical information

Treaty Protocol on the excessive deficit procedure: Eur-Lex Hyperlink: pdf

31993R3605
Council Regulation (EC) No 3605/93 of 22 November 1993 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community
(OJ L 332 31.12.1993 p. 7) – EUR-Lex nr: 10.30.30, hyperlink: html

as amended by

32000R0475

Council Regulation (EC) No 475/2000 of 28 February 2000 amending Regulation (EC) No 3605/93 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community

(Official Journal L 058 , 03/03/2000 P. 0001 – 0002) – EUR-Lex nr: 10.30.30,  hyperlink:  html

and by

32002R0351

Commission Regulation (EC) No 351/2002 of 25 February 2002 amending Council Regulation (EC) No 3605/93 as regards references to ESA 95

(Official Journal L 055, 26/02/2002 P. 0023 – 0023) – EUR-Lex nr: 10.30.30, hyperlink : html

Joao Nogueira-Martins, DG ECFIN B6

12:45 – 13:00

Questions and Answers

13:00 – 14:30

Lunch break

III.           Session 2: The acquis in the area of monetary policy

14:30 – 15:45

The acquis in the area of monetary policy



 

o      EMU – the three stages, including Eurogroup

Paul Kutos, DG ECFIN C3

o      Coordination of monetary policy, market based instruments, “efficiency” of the transmission of monetary policy, link with the liberalisation of capital movements and sanctions

Art 105 (1) (2) (3) TEC, Art 110 TEC EUR-Lex hyperlink: pdf

Paul Kutos, DG ECFIN C3

o      Prohibition of direct financing of the public sector

Arts 101 and 103(1) TEC - EUR-Lex hyperlink pdf

31993R3603
Council Regulation (EC) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b (1) of the Treaty
(Official Journal L 332 31.12.1993 p. 1) EUR-Lex nr: 10.30.30, hyperlink: html

Johan Verhaeven, DG ECFIN C5

o      Prohibition of privileged access of the public authorities to financial institutions

Art 102 TEC, EUR-Lex hyperlink: pdf

31993R3604

Council Regulation (EC) No 3604/93 of 13 December 1993 specifying definitions for the application of the prohibition of privileged access referred to in Article 104a of the Treaty
(Official Journal L 332 31.12.1993 p. 4) EUR-Lex nr: 10.30.30, hyperlink: html

Johan Verhaeven, DG ECFIN C5

15:45 -16:00

Questions and Answers

16:00 –16:15

Coffee break

16:15 –17:00

o    Independence of the ECB and of the national central banks (NCBs)

Art 108 TEC - EUR-Lex hyperlink: pdf

Johan Verhaeven, DG ECFIN C5

o      ESCB’s objectives: price stability and secondary objective

Art 105 TEC EUR-Lex hyperlink: pdf

Johan Verhaeven, DG ECFIN C5

o      Acquis relating to the integration of the NCBs into the ESCB – Main focus: the statute of the European System of Central Banks and of the European Central Bank

Treaty Protocol on the Statute of the European System of Central Banks and of the European Central Bank – ECB website: html

Johan Verhaeven, DG ECFIN C5

o       Introduction of the euro and aspects of the legal framework for the use of the euro
 

31997R1103
Council Regulation (EC) No 1103/97 of 17 June 1997 on certain provisions relating to the introduction of the euro
(Official Journal L 162 19.06.1997 p. 1) Eur-Lex nr: 10.30.30, hyperlink: html

as amended by

32000R2595

Council Regulation (EC) No 2595/2000 of 27 November 2000 amending Regulation (EC) No 1103/97 on certain provisions relating to the introduction of the euro
(Official Journal L 300 , 29/11/2000 P. 0001 – 0001) – Eur-Lex n:r 10.30.30, hyperlink: html

31998D0317

Council Decision 98/317/EC of 3 May 1998 in accordance with Art 109j(4) of the Treaty

(Official Journal L139, 11/05/1998 P. 0030-0035) – EUR-Lex nr: 10.30.30, hyperlink html

31998R0974

Council Regulation (EC) N° 974/98 of 3 May 1998 on the introduction of the euro

(Official Journal L139, 11/05/1998 P. 0001-0005) -

EUR-Lex nr: 10.30.30, hyperlink: html

As amended by

32000R2596

Council regulation (EC) N° 2596/2000 of 27 November 2000

(Official Journal L 300 , 29/11/2000 P. 0002 – 0003) – EUR-Lex nr: 10.30.30, hyperlink html

and by

32005R2169

Council Regulation (EC) No 2169/2005 of 21 December 2005

(Official Journal L 346 , 29/12/2005 P. 0001 – 0005) – EUR-Lex nr : 10.30.30, hyperlink html

31998R2866

Council Regulation (EC) N° 2866/98 of 31 December 1998 on the conversion rates between the euro and the currencies of the Member States adopting the euro

(Official Journal L359, 31/12/1998 P. 0001-0002) – EUR-Lex nr 10.30.30, hyperlink html

Johan Verhaeven, DG ECFIN C5

o      Legislation on notes and coins
 

Art 106 TEC EUR-Lex hyperlink: pdf

31998R0975

Council Regulation (EC) N° 975/98 of 3 May 1998 on denominations and technical specifications of euro coins intended for circulation

(Official Journal L139, 11/05/1998 P. 0006-0008) – EUR-Lex nr: 10.30.30, hyperlink html

as amended by

31999R0423

Council Regulation (EC) N° 423/1999 of 22 February 1999

(Official Journal L 052 , 27/02/1999 P. 0002 – 0003) – EUR-Lex nr : 10.30.30, hyperlink html

Johan Verhaeven, DG ECFIN C5

17:00 - 17:15

Questions and Answers

17:15 –17:45

The acquis in the area of exchange rate policy

o      Exchange rate policy as a matter of common interest

Art 124 TECEUR-Lex hyperlink: pdf

Paul Kutos, DG ECFIN C3

o      Technical presentation of ERM II

31997Y0802(03)

Resolution of the European Council on the establishment of an exchange rate mechanism in the third stage of the Economic and Monetary Union

(Official Journal C 236, 02/08/1997 P. 0005 – 0006) - EUR-Lex nr: 10.20.10/20, hyperlink: html

Paul Kutos, DG ECFIN C3

o      Monetary and exchange rate relations with non-EU currencies

Art 111 TEC - EUR-Lex hyperlink: pdf

Johan Verhaeven, DG ECFIN C5

17:45 – 18:00

Questions and Answers

IV.          Session 3: Conclusions

18:00-18:30

Concluding remarks

Chairman, Dirk Lange, DG ELARG

  

 NB:

       -    The agenda lists the key elements of the acquis covered by negotiation chapter 17 – Economic and Monetary Policy

-    The complete list of current relevant acquis can be found in the annex to this agenda or under http://europa.eu.int/eur-lex/lex/en/repert/index_10.htm (please note that heading 10.40 Free Movement of Capital is not covered by chapter 17)

 

Table listing the precise parts of Eur-Lex Directory of Community legislation in force :

  • 10.10 General

  • 10.20 Monetary policy

    • 10.20.10 Institutional monetary provisions

    • 10.20.20 Direct instruments of monetary policy

    • 10.20.30 Indirect instruments of monetary policy

  • 10.30 Economic policy

    • 10.30.10 Institutional economic provisions

    • 10.30.20 Instruments of economic policy

    • 10.30.30 Economic and monetary union


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