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Analytical examination of
the acquis
CHAPTER 17 - ECONOMIC AND MONETARY POLICY (EMP)
Agenda for the
Explanatory Screening
16.02.2006
I. Introduction
|
Time |
Subject |
Acquis references |
Speaker
|
|
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-ΰ-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 hyperlink:
pdf |
Dirk Verbeken, DG
ECFIN D1/Johan Verhaeven, DG ECFIN C5 |
|
o
Framework for EMU: legal approximation |
Art 109 TEC -
EUR-Lex
hyperlink:
pdf |
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
|
Time
|
Topic |
Acquis references |
Speaker
|
|
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) TEC
EUR-Lex hyperlink:
pdf |
Alexandr Hobza, DG
ECFIN E1 |
|
o
Balance-of-Payments assistance
|
Art 100 TEC
- EUR-Lex hyperlink:
pdf
Art 119 TEC
EU-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, 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 |
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,
hyperlink: html
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,
hyperlink:
html
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
|
Time |
Subject |
Acquis references |
Speaker
|
|
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
|
|
|
|
Time |
Subject |
Acquis references |
Speaker
|
|
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
ESCBs
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 TEC
EUR-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
|
Time |
Topic |
Acquis references |
Speaker |
|
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
-O-
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