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Document 11997E059

Treaty establishing the European Community (Amsterdam consolidated version)
Part Three: Community policies
Title III: Free movement of persons, services and capital
Chapter 4: Capital and payments
Article 59
Article 73f - EC Treaty (Maastricht consolidated version)

Legal status of the document In force

ELI: http://data.europa.eu/eli/treaty/tec_1997/art_59/oj

11997E059

Treaty establishing the European Community (Amsterdam consolidated version) - Part Three: Community policies - Title III: Free movement of persons, services and capital - Chapter 4: Capital and payments - Article 59 - Article 73f - EC Treaty (Maastricht consolidated version)

Official Journal C 340 , 10/11/1997 P. 0200 - Consolidated version
Official Journal C 224 , 31/08/1992 P. 0026 - Consolidated version


Treaty establishing the European Community (Amsterdam consolidated version)

Article 59

Where, in exceptional circumstances, movements of capital to or from third countries cause, or threaten to cause, serious difficulties for the operation of economic and monetary union, the Council, acting by a qualified majority on a proposal from the Commission and after consulting the ECB, may take safeguard measures with regard to third countries for a period not exceeding six months if such measures are strictly necessary.

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