Procedure completed
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Opinion | DEVE | DELCROIX Claude A.F. (PSE) | |
Lead | ECON | HERMAN Fernand H.J. (PPE) |
Legal Basis RoP 132
Activites
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1999/04/14
Final act published in Official Journal
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1999/01/12
Decision by Parliament, 1st reading/single reading
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T4-0002/1999
summary
The report drafted by Fernand HERMAN (B, EPP) approving proposals to peg the value of the West African CFA Franc to the Euro via the French franc was approved without debate. The report expresses the hope that France will continue to guarantee the smooth functioning of these arrangements. As this endeavour is a trial of the effect on a regional economy of linking it to a single currency of world importance, the report also calls for the on-going monitoring of the CFA countries' progress by means of economic and social indicators. The report further requests information campaigns to explain both to the citizens of the CFA countries and to the citizens of Europe the significance of this linkage. The report finally makes one modification to the Commission's recommendation, allowing France to negotiate changes to the agreement, so long as this does not affect the stability of the Euro or the ECB's commitments.�
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T4-0002/1999
summary
- 1998/12/08 Vote in committee, 1st reading/single reading
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1998/10/09
Committee referral announced in Parliament, 1st reading/single reading
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1998/07/01
Non-legislative basic document published
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COM(1998)0412
summary
PURPOSE : Adoption of a Recommendation for a Council Decision concerning exchange rate matters relating to the CFA franc and the Comorian franc. CONTENT : From 1 January 1999, the Community will have the exclusive competence for monetary and exchange rate matters in the Member States adopting the euro. Any agreement with third countries concerning monetary or foreign exchange rate matters needs to reflect this allocation of competence. This proposal for a draft Council Decision would allow France to maintain the present agreements that it has concerning exchange rate matters relating to the CFA franc and the Comorian franc. Such agreements are seen to have complemented the Community's development policy by enhancing regional co-operation and growth through deeper economic interdependency and solidarity.�
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COM(1998)0412
summary
Documents
- Non-legislative basic document published: COM(1998)0412
- Committee report tabled for plenary, single reading: A4-0484/1998
- Decision by Parliament, 1st reading/single reading: T4-0002/1999
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