1998/2022(INI) | [ParlTrack]

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General Activities Documents History

1998/2022(INI) Foreign currency reserves in the 3rd stage of EMU

Role	Committee	Rapporteur	Shadows
Lead	ECON	GIANSILY Jean-Antoine (UPE)

Lead committee dossier: ECON/4/09689
Legal Basis RoP 052

Subjects

5.20.01 Coordination of monetary policies, European Monetary Institute (EMI), Economic and Monetary Union (EMU)

Links

Activites

1998/11/09 Final act published in Official Journal
1998/10/22 Decision by Parliament, 1st reading/single reading
- T4-0622/1998 summary
  
  Adopting the report by Mr Jean-Antoine Giansily (UPE, F) on foreign currency reserves in the third stage of EMU, Parliament is not in favour of reducing the reserve holdings of the ESCB during the transitional phase of the introduction of the euro. It considers that current reserves (approximately US$400 billion) which are large by international comparison will make speculation against the euro more expensive and thus contribute to the stability and credibility of the new currency. It also points out that a sharp reduction in reserves could affect the exchange rate of the euro against the dollar and should be implemented only gradually and with the utmost caution in order to avoid disruptions in the foreign exchange markets. In the light of the crisis and turbulence on world financial markets, Parliament calls for an agreement between the ECB and the American Federal Reserve on the management of foreign currency holdings. �
1998/10/21 Debate in Parliament
1998/09/23 Vote in committee, 1st reading/single reading
- A4-0341/1998
1998/01/16 Committee referral announced in Parliament, 1st reading/single reading

Documents

Committee report tabled for plenary, single reading: A4-0341/1998
Decision by Parliament, 1st reading/single reading: T4-0622/1998

History

(these mark the time of scraping, not the official date of the change)

2019-07-06Show (11) Changes | Timetravel

activities	date: 1998-01-16T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 1997-06-19T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: UPE name: GIANSILY Jean-Antoine body: EP committees: body: EP responsible: True committee: ECON date: 1997-06-19T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: UPE name: GIANSILY Jean-Antoine docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-341&language=EN type: Committee report tabled for plenary, single reading title: A4-0341/1998 date: 1998-09-23T00:00:00 type: Vote in committee, 1st reading/single reading date: 1998-10-21T00:00:00 body: EP type: Debate in Parliament date: 1998-10-22T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0622/1998 body: EP type: Decision by Parliament, 1st reading/single reading date: 1998-11-09T00:00:00 type: Final act published in Official Journal
committees/0	type Responsible Committee body EP associated False committee_full Economic and Monetary Affairs, Industrial Policy committee ECON date 1997-06-19T00:00:00 rapporteur name: GIANSILY Jean-Antoine group: Union for Europe Group abbr: UFE
committees/0	body EP responsible True committee ECON date 1997-06-19T00:00:00 committee_full Economic and Monetary Affairs, Industrial Policy rapporteur group: UPE name: GIANSILY Jean-Antoine
docs	date: 1998-06-29T00:00:00 docs: title: PE227.129 type: Committee draft report body: EP date: 1998-09-16T00:00:00 docs: title: PE227.129/AM type: Amendments tabled in committee body: EP date: 1998-09-23T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-341&language=EN title: A4-0341/1998 url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1998:341:SOM:EN:HTML title: OJ C 341 09.11.1998, p. 0002 type: Committee report tabled for plenary, single reading body: EP date: 1998-10-22T00:00:00 docs: url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1998:341:SOM:EN:HTML title: OJ C 341 09.11.1998, p. 0106-0141 title: T4-0622/1998 summary: type: Text adopted by Parliament, single reading body: EP
events	date: 1998-01-16T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP date: 1998-09-23T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary: date: 1998-09-23T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-341&language=EN title: A4-0341/1998 date: 1998-10-21T00:00:00 type: Debate in Parliament body: EP date: 1998-10-22T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: title: T4-0622/1998 summary: date: 1998-10-22T00:00:00 type: End of procedure in Parliament body: EP date: 1998-11-09T00:00:00 type: Final act published in Official Journal
links
other
procedure/dossier_of_the_committee	Old ECON/4/09689 New ECON/4/09689
procedure/legal_basis/0	Rules of Procedure EP 052
procedure/legal_basis/0	Rules of Procedure of the European Parliament EP 052
procedure/subject	Old 5.20.01 Coordination of monetary policies, European Monetary Institute (EMI), Economic and Monetary Union (EMU) New 5.20.01 Coordination of monetary policies, European Monetary Institute (EMI), Economic and Monetary Union (EMU)

2014-11-10Show (5) Changes

activities	date: 1998-01-16T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 1997-06-19T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: UPE name: GIANSILY Jean-Antoine body: EP committees: body: EP responsible: True committee: ECON date: 1997-06-19T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: UPE name: GIANSILY Jean-Antoine docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-341&language=EN type: Committee report tabled for plenary, single reading title: A4-0341/1998 date: 1998-09-23T00:00:00 type: Vote in committee, 1st reading/single reading date: 1998-10-21T00:00:00 body: EP type: Debate in Parliament date: 1998-10-22T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0622/1998 body: EP type: Decision by Parliament, 1st reading/single reading date: 1998-11-09T00:00:00 type: Final act published in Official Journal
committees	body: EP responsible: True committee: ECON date: 1997-06-19T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: UPE name: GIANSILY Jean-Antoine
links
other
procedure	dossier_of_the_committee ECON/4/09689 reference 1998/2022(INI) title Foreign currency reserves in the 3rd stage of EMU legal_basis Rules of Procedure of the European Parliament EP 052 stage_reached Procedure completed subtype Initiative type INI - Own-initiative procedure subject 5.20.01 Coordination of monetary policies, European Monetary Institute (EMI), Economic and Monetary Union (EMU)

Activites

Documents

History

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