96/736/EC: Council Decision of 13 December 1996 in accordance with Article 109 j (3) of the Treaty establishing the European Community, on entry into the third stage of economic and monetary union

• Articles: 3

Article 1

From an assessment for each Member State whether it fulfils the necessary conditions for the adoption of a single currency, it follows that there is not a majority of Member States fulfilling the conditions therefor.

Article 2

The Community will not enter the third stage of EMU in 1997.

The procedure laid down in Article 109j (4) of the Treaty will be applied as early as possible in 1998.

Article 3

This Decision shall be published in the Official Journal of the European Communities.

Done at Dublin, 13 December 1996.

For the Council,meeting in the composition of Heads of State or Government

The President

J. BRUTON

(1) Opinion delivered on 28 November 1996 (not yet published in the Official Journal).