Statement by Yves-Thibault de Silguy on the introduction of the euro (Brussels, 31 December 1998)
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On 31 December 1998, the day on which the irrevocable conversion rates for the euro are adopted and on the eve of the transition to the third stage of Economic and Monetary Union (EMU), Yves-Thibault de Silguy, Member of the European Commission responsible for Economic and Financial Affairs, Monetary Matters, Credit and Investment and the Statistical Office, emphasises the advantages of the introduction of the single European currency and sincerely hopes for more progress in the process of European political integration.