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Parliamentary questions
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4 May 2009
Question reference: E-0464/2009

The Council has discussed this issue in relation to Montenegro only.

On 15 October 2007, the Council adopted decisions on the signing of a Stabilisation and Association Agreement (SAA) and an Interim Agreement with Montenegro. When it adopted the decision on the Interim Agreement, the Council made the following statement for the minutes (a similar statement was made in relation to the decision on the SAA):

‘— The Council welcomes the Interim Agreement on trade and trade-related matters between the European Community and Montenegro pending the ratification and entry into force of the Stabilisation and Association Agreement (SAA), which supports Montenegro's European aspirations. The Council emphasises that the signature of this agreement does not prejudge its position on how Montenegro's current de facto use of the euro will be addressed in possible future accession negotiations. Montenegro's present use of the euro, decided by the Montenegrin authorities in exceptional circumstances, is fully distinct from euro area membership.

The Council recalls that unilateral “euroisation” is not compatible with the Treaty, which foresees the eventual adoption of the euro as the endpoint of a structured convergence process within a multilateral framework.
EU Member State cannot adopt the euro and join the euro area without fulfilling all the criteria defined in the Treaty. These comprise the achievement of a high degree of sustainable convergence as defined in the Treaty.
Taking into account the above, the implications of the Treaty framework for Montenegro's monetary regime will be detailed in due course, at the latest by the time of possible future negotiations for accession to the EU.’

The Council also refers the Honourable Member to its reply to Written Question E‑3950/00(1).

(1)OJ C 235 E, 21.8.2001, p. 37.

OJ C 189, 13/07/2010
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