17TT
Son Güncelleme: 27 Mart 2007
Analytical examination of the acquis
CHAPTER 17 - ECONOMIC AND MONETARY POLICY (EMP)
Agenda for the Explanatory Screening
16.02.2006
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Time |
Subject |
Acquis references |
Speaker |
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I. Introduction |
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9:00 - 09:20 |
Welcome and introductory remarks – Chairman |
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Dirk Lange, DG Enlargement |
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9:20 - 10:15 |
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Peter Grasmann, DG ECFIN D1 |
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o Documentation and presentations
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Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5 |
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o Status of candidate countries vis-à-vis the EMP acquis
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Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5 |
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o Framework for EMU: economic integration |
Art 4 TEC – EUR-Lex hyperlink: pdf |
Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5 |
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o Framework for EMU: legal approximation |
Art 109 TEC - EUR-Lex hyperlink: pdf |
Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5 |
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o Capacity to participate in economic policy coordination, to participate in fiscal surveillance and to conceive and implement a consistent set of economic policies |
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Dirk Verbeken, DG ECFIN D1/Johan Verhaeven, DG ECFIN C5 |
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10:15 – 10:30 |
Questions and Answers |
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10:30 –10:45 |
Coffee break |
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II. Session 1: The acquis in the area of economic policy |
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10:45 - 11:30 |
Participation in the procedure of coordination of economic policies |
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o Institutional settings for economic policy coordination
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Alexandr Hobza, DG ECFIN E1 |
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o Broad Economic Policy Guidelines |
Art 99(2) TEC – EUR-Lex hyperlink: pdf |
Alexandr Hobza, DG ECFIN E1 |
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o Multilateral surveillance |
Art 99(3) TEC – EUR-Lex hyperlink: pdf |
Alexandr Hobza, DG ECFIN E1 |
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Art 100 TEC - EUR-Lex hyperlink: pdf Art 119 TEC – EU-Lex hyperlink: pdf |
Magnus Astberg, DG ECFIN C4 |
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11:30 – 11:45 |
Questions and Answers |
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11:45 – 12:45 |
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o Excessive Deficit Procedure
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Art 104 TEC - EUR-Lex hyperlink: pdf Treaty protocol on the excessive deficit procedure: EUR-Lex Hyperlink: pdf
31993R3605 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
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o Sanctions regarding excessive deficits |
Art 104(9) and (11) TEC - EUR-Lex nr: 10.30.30, hyperlink: pdf |
Marko Mrsnik, DG ECFIN C2 |
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o Stability and Growth Pact
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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 |
Marko Mrsnik, DG ECFIN C2 |
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o Statistics requirement and capacity to produce and analyse good statistical information
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Treaty Protocol on the excessive deficit procedure: Eur-Lex Hyperlink: pdf
31993R3605 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 |
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12:45 – 13:00 |
Questions and Answers |
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13:00 – 14:30 |
Lunch break |
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III. Session 2: The acquis in the area of monetary policy |
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14:30 – 15:45 |
The acquis in the area of monetary policy
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o EMU – the three stages, including Eurogroup
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Paul Kutos, DG ECFIN C3
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o Coordination of monetary policy, market based instruments, “efficiency” of the transmission of monetary policy, link with the liberalisation of capital movements and sanctions
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Art 105 (1) (2) (3) TEC, Art 110 TEC EUR-Lex hyperlink: pdf |
Paul Kutos, DG ECFIN C3 |
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o Prohibition of direct financing of the public sector
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Arts 101 and 103(1) TEC - EUR-Lex hyperlink pdf
31993R3603 |
Johan Verhaeven, DG ECFIN C5 |
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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 |
Johan Verhaeven, DG ECFIN C5 |
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15:45 -16:00 |
Questions and Answers |
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16:00 –16:15 |
Coffee break
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16:15 –17:00 |
o Independence of the ECB and of the national central banks (NCBs) |
Art 108 TEC - EUR-Lex hyperlink: pdf
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Johan Verhaeven, DG ECFIN C5 |
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o ESCB’s objectives: price stability and secondary objective |
Art 105 TEC – EUR-Lex hyperlink: pdf |
Johan Verhaeven, DG ECFIN C5 |
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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 |
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o Introduction of the euro and aspects of the legal framework for the use of the euro |
31997R1103
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
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 |
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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 |
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17:00 - 17:15 |
Questions and Answers |
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17:15 –17:45 |
The acquis in the area of exchange rate policy |
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Art 124 TEC – EUR-Lex hyperlink: pdf |
Paul Kutos, DG ECFIN C3
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o Technical presentation of ERM II
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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
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o Monetary and exchange rate relations with non-EU currencies |
Art 111 TEC - EUR-Lex hyperlink: pdf |
Johan Verhaeven, DG ECFIN C5 |
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17:45 – 18:00 |
Questions and Answers |
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IV. Session 3: Conclusions |
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18:00-18:30 |
Concluding remarks |
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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 :
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10.20.10 Institutional monetary provisions
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10.20.20 Direct instruments of monetary policy
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10.20.30 Indirect instruments of monetary policy
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10.30.10 Institutional economic provisions
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10.30.20 Instruments of economic policy
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10.30.30 Economic and monetary union
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