This document is an excerpt from the EUR-Lex website
Document 12004V196
Treaty establishing a Constitution for Europe - PART III — THE POLICIES AND FUNCTIONING OF THE UNION - TITLE III — INTERNAL POLICIES AND ACTION - CHAPTER II — ECONOMIC AND MONETARY POLICY - Section 4 — Provisions specific to Member States whose currency is the euro - Article III-196
Treaty establishing a Constitution for Europe - PART III — THE POLICIES AND FUNCTIONING OF THE UNION - TITLE III — INTERNAL POLICIES AND ACTION - CHAPTER II — ECONOMIC AND MONETARY POLICY - Section 4 — Provisions specific to Member States whose currency is the euro - Article III-196
Treaty establishing a Constitution for Europe - PART III — THE POLICIES AND FUNCTIONING OF THE UNION - TITLE III — INTERNAL POLICIES AND ACTION - CHAPTER II — ECONOMIC AND MONETARY POLICY - Section 4 — Provisions specific to Member States whose currency is the euro - Article III-196
OJ C 310, 16.12.2004, p. 86–86
(ES, CS, DA, DE, ET, EL, EN, FR, GA, IT, LV, LT, HU, MT, NL, PL, PT, SK, SL, FI, SV)
Date of entry into force unknown (pending notification) or not yet in force.
12004V196
Treaty establishing a Constitution for Europe - PART III — THE POLICIES AND FUNCTIONING OF THE UNION - TITLE III — INTERNAL POLICIES AND ACTION - CHAPTER II — ECONOMIC AND MONETARY POLICY - Section 4 — Provisions specific to Member States whose currency is the euro - Article III-196
Official Journal 310 , 16/12/2004 P. 0086 - 0086
Article III-196 1. In order to secure the euro's place in the international monetary system, the Council, on a proposal from the Commission, shall adopt a European decision establishing common positions on matters of particular interest for economic and monetary union within the competent international financial institutions and conferences. The Council shall act after consulting the European Central Bank. 2. The Council, on a proposal from the Commission, may adopt appropriate measures to ensure unified representation within the international financial institutions and conferences. The Council shall act after consulting the European Central Bank. 3. For the measures referred to in paragraphs 1 and 2, only members of the Council representing Member States whose currency is the euro shall take part in the vote. A qualified majority shall be defined as at least 55 % of these members of the Council, representing Member States comprising at least 65 % of the population of the participating Member States. A blocking minority must include at least the minimum number of these Council members representing more than 35 % of the population of the participating Member States, plus one member, failing which the qualified majority shall be deemed attained. --------------------------------------------------