Conclusions of the Madrid European Council: extract concerning Economic and Monetary Union (15 and 16 December 1995)
Text On 16 December 1995, the Madrid European Council adopts a road map for the introduction of the single currency and decides that ‘euro’ will be the name of the currency on which Economic and Monetary Union (EMU) will be based, the third stage of which is to begin on 1 January 1999.
Source and copyright
Source: Bulletin of the European Union. December 1995, n° 12. Luxembourg: Office for Official Publications of the European Union. "Conclusions of the Madrid European Council (15 and 16 December 1995)", p. 11-12; 27-28.
Copyright: (c) European Union, 1995-2013
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