Procedure completed
Role | Committee | Rapporteur | Shadows |
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Opinion | ECON | COX Pat (ELDR) | |
Lead | JURI |
Legal Basis EC before Amsterdam E 235, RoP 050-p1
Activites
- 1994/12/31 Final act published in Official Journal
- #1823
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1994/12/22
Council Meeting
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1994/12/22
End of procedure in Parliament
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1994/12/22
Act adopted by Council after consultation of Parliament
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1994/09/30
Decision by Parliament, 1st reading/single reading
- T4-0038/1994
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1994/09/16
Vote in committee, 1st reading/single reading
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1994/07/21
Committee referral announced in Parliament, 1st reading/single reading
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1994/04/19
Legislative proposal published
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COM(1994)0140
summary
In order to increase transparency, clarity and efficiency, this proposal for a regulation aimed to consolidate and standardise the definition of the ecu following the entry into force of the Treaty on European Union. Currently, five Community texts of different origin and legal value provided a definition of the composition of the ecu: - The old base texts of the EMS, which described the procedures for revising the currency composition of the ecu basket; - Regulation (EEC) No 3180/78, which empowered the Council to unanimously determine the revision procedures; - Regulation (EEC) No 1971/89, which laid down the criteria for the revision planned for the end of 1989; - The Commission communication on the currency composition of the ecu after the revision of the basket in 1989, which set out the current currency composition of the ecu; - The new Article 109g of the Treaty, which stipulated that the currency composition of the ecu basket would not change during the second stage of EMU. The proposal laid down the composition of the ecu basket in terms of the national currencies as follows: DM.....0.6242 FF.....1.332 UKL....0.08784 LIT....151.8 HFL....0.2198 BFR....3.301 LFR....0.130 DKR....0.1976 IRL....0.008552 DRA....1.440 ESC....1.393 Regulation (EEC) No 3180/78 and its subsequent amendments would be repealed. In all future Community acts, this standardised composition would be used. �
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COM(1994)0140
summary
Documents
- Legislative proposal published: COM(1994)0140
- Decision by Parliament, 1st reading/single reading: T4-0038/1994
- : Regulation 1994/3320
- : OJ L 350 31.12.1994, p. 0027
History
(these mark the time of scraping, not the official date of the change)
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