On 8 June 1970, Otmar Emminger, Deputy President of the Bundesbank, informs Johann-Baptist Schöllhorn, State Secretary in the Ministry of the Economy of the Federal Republic of Germany, of a meeting that he had with Jelle Zijlstra, President of the Nederlandsche Bank. He sets out several important points that need to be addressed within the ad hoc group for the establishment of an economic and monetary union, particularly the coordination of budgetary policies in the European Community.