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Document 11957E105
TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART THREE - POLICY OF THE COMMUNITY, TITLE II - ECONOMIC POLICY, CHAPTER 2: BALANCE OF PAYMENTS, ARTICLE 105
TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART THREE - POLICY OF THE COMMUNITY, TITLE II - ECONOMIC POLICY, CHAPTER 2: BALANCE OF PAYMENTS, ARTICLE 105
TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART THREE - POLICY OF THE COMMUNITY, TITLE II - ECONOMIC POLICY, CHAPTER 2: BALANCE OF PAYMENTS, ARTICLE 105
In force
11957E105
TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART THREE - POLICY OF THE COMMUNITY, TITLE II - ECONOMIC POLICY, CHAPTER 2: BALANCE OF PAYMENTS, ARTICLE 105
++++ ARTICLE 105 1 . IN ORDER TO FACILITATE ATTAINMENT OF THE OBJECTIVES SET OUT IN ARTICLE 104 , MEMBER STATES SHALL COORDINATE THEIR ECONOMIC POLICIES . THEY SHALL FOR THIS PURPOSE PROVIDE FOR COOPERATION BETWEEN THEIR APPROPRIATE ADMINISTRATIVE DEPARTMENTS AND BETWEEN THEIR CENTRAL BANKS . THE COMMISSION SHALL SUBMIT TO THE COUNCIL RECOMMENDATIONS ON HOW TO ACHIEVE SUCH COOPERATION . 2 . IN ORDER TO PROMOTE COORDINATION OF THE POLICIES OF MEMBER STATES IN THE MONETARY FIELD TO THE FULL EXTENT NEEDED FOR THE FUNCTIONING OF THE COMMON MARKET , A MONETARY COMMITTEE WITH ADVISORY STATUS IS HEREBY SET UP . IT SHALL HAVE THE FOLLOWING TASKS : - TO KEEP UNDER REVIEW THE MONETARY AND FINANCIAL SITUATION OF THE MEMBER STATES AND OF THE COMMUNITY AND THE GENERAL PAYMENTS SYSTEM OF THE MEMBER STATES AND TO REPORT REGULARLY THEREON TO THE COUNCIL AND TO THE COMMISSION ; - TO DELIVER OPINIONS AT THE REQUEST OF THE COUNCIL OR OF THE COMMISSION OR ON ITS OWN INITIATIVE , FOR SUBMISSION TO THESE INSTITUTIONS . THE MEMBER STATES AND THE COMMISSION SHALL EACH APPOINT TWO MEMBERS OF THE MONETARY COMMITTEE .