On 3 March 1997, at the inaugural meeting, held in Brussels, of the General Commission for the Euro, Guy Quaden, Director of the National Bank of Belgium (NBB) and General Commissioner for the Euro, delivers an address in which he outlines the most recent progress made towards Economic and Monetary Union (EMU) and describes Belgium’s degree of preparation for the introduction of the euro, while setting out the tasks of the General Commission for the Euro.