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Document 11992E003A

TREATY ESTABLISHING THE EUROPEAN COMMUNITY
PART ONE: PRINCIPLES
ARTICLE 3A

/* CODIFIED VERSION OF THE TREATY ESTABLISHING THE EUROPEAN COMMUNITY */

ĠU C 224, 31.8.1992, p. 8 (ES, DA, DE, EL, EN, FR, IT, NL, PT)

Legal status of the document In force

ELI: http://data.europa.eu/eli/treaty/tec_1992/art_3a/oj

11992E003A

TREATY ESTABLISHING THE EUROPEAN COMMUNITY - PART ONE: PRINCIPLES - ARTICLE 3A /* CODIFIED VERSION OF THE TREATY ESTABLISHING THE EUROPEAN COMMUNITY */

Official Journal C 224 , 31/08/1992 P. 0008


Article 3a

1. For the purposes set out in Article 2, the activities of the Member States and the Community shall include, as provided in this Treaty and in accordance with the timetable set out therein, the adoption of an economic policy which is based on the close coordination of Member States' economic policies, on the internal market and on the definition of common objectives, and conducted in accordance with the principle of an open market economy with free competition.

2. Concurrently with the foregoing, and as provided in this Treaty and in accordance with the timetable and the procedures set out therein, these activities shall include the irrevocable fixing of exchangs rates leading to the introduction of a single currency, the ECU, and the definition and conduct of a single monetary policy and exchange rate policy the primary objective of both of which shall be to maintain price stability and, without prejudice to this objective, to support the general economic policies in the Community, in accordance with the principle of an open market economy with free competition.

3. These activities of the Member States and the Community shall entail compliance with the following guiding principles; stable prices, sound public finances and monetary conditions and a sustainable balance of payments.

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