PROTOCOLS   PROTOCOL ON THE ACQUISITION OF PROPERTY IN DENMARK THE HIGH CONTRACTING PARTIES, DESIRING to settle certain particular problems relating to Denmark, HAVING AGREED UPON the following provision, which shall be annexed to the Treaty establishing the European Community: Notwithstanding the provisions of this Treaty, Denmark may maintain the existing legislation on the […]

  TITLE II (Part I) PROVISIONS AMENDING THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY WITH A VIEW TO ESTABLISHING THE EUROPEAN COMMUNITY ARTICLE G The Treaty establishing the European Economic Community shall be amended in accordance with the provisions of this Article, in order to establish a European Community. A. Throughout the Treaty: 1) The […]

EMU Introduction May 5th, 1997   European Monetary Union 1997 is a critical year for EMU, as the economic performance in 1997 will determine which countries join EMU in January 1999. The financial markets still have not quite come to terms with all the details of EMU nor does it realize that this union is […]

EMU Convergence Criteria privided by Princeton Economic Institute     Inflation: A price performance that is sustainable and an average rate of inflation, observed over a period of one year before the examination, that does not exceed by more than 1.5% that of, at most, the three best-performing member states in terms of price stability.Public […]

Country Analysis United Kingdom The probability of the United Kingdom joining EMU at the start date is very high! The political shift from conservative to Labour in Britain has suddenly changed the course of the nation. The new Prime Minister, Tony Blair, will be up for the post of head of the EC in 1998. […]

Country Analysis Sweden The probability of Sweden joining EMU by the start date remains very low due to primarily to public opposition. Sweden’s huge budget deficit last year was widely viewed as the stumbling-block to any hope of early membership in the single currency. Recently, Sweden has been more successful in its fiscal consolidation program, […]

Country Analysis Spain The probability of Spain joining EMU by the start date is questionable at this time. Nevertheless, Spain has made the most impressive progress over the past several months of steering its economy towards meeting EMU criteria. It is unlikely that Spain would enter EMU without Portugal. Therefore, to some extent these two […]

Country Analysis Portugal   The probability of Portugal joining EMU from the start remains questionable at best. There is a possibility that Portugal could be in the first round based upon economic conditions. There is also a potential for gold sales to help bring its debt ratio into line. Overall, Portugal’s GDP growth is currently […]

Country Analysis Netherlands The probability of the Netherlands joining EMU from the start date remains very high. The Dutch have displayed the most robust economic performance on the Continent over the past 4 years. While we do have some concerns that this may peak out by 1998, GDP growth in 1997 should come in around […]

Country Analysis Luxembourg The probability of Luxembourg joining EMU at the start date remains quite high. Luxembourg easily meets all five criteria for EMU and undoubtedly will make the first cut to be considered as a founding member. Luxembourg has continued to display real economic growth of 1% over and above the EU as a […]