Saturday, June 19, 2004

Provisions specific to euro members

Here Article III-92 (2) sets out the conditions for new entrants to the euro. Basically, if the Commission proposes that non-members satisfy the conditions for entry, the Council can admit those members as long as a majority of the eurozone members agree, that majority comprising eurozone states with at least three fifths of the population of the eurozone.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.