This compilation, issued by the European Commission, brings together core legal texts on the EMU and the euro.
Economic and monetary union (EMU) is designed to create the foundation for sustainable long-term economic growth by providing macro-economic stability, while at the same time constituting a natural complement to Europe's single market. It involves close coordination of economic and fiscal policies and, for those countries fulfilling certain conditions, a single monetary policy and a single currency – the euro. Against the background of the debt crisis, important measures to improve the economic governance in the EU and the euro area in particular have been taken in the last years.
This publication includes extracts from the consolidated versions of the Treaty on European Union and the Treaty on the Functioning of the European Union. The extracts are numbered in accordance with the provisions of both Treaties. Regarding secondary Union legislation which has been amended, and in order to facilitate the reading of the texts, this publication includes where possible the consolidated versions.
Consolidation entails the integration of the basic legal instrument, its amendments and corrections in a single non-official document. However, the basic legal act with amendments and corrections remain the only legally binding texts.
Finally, this publication includes the main inter-governmental texts signed by the Member States whose currency is the euro.
Contents:
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Foundations
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Fiscal Coordination
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Economic Coordination
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Financial Assistance and Surveillance
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European Central Bank
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Main Inter-governmental Texts
Full publication
© European Commission
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