Maastricht Treaty – Time Table

Maastricht Treaty – Time Table

 EMU Timetable

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1997
January 1	Preparation of legal framework for European Central Bank, European System of Central Banks and the Euro Dutch assume EU presidency
April	Probable UK General Election
Jul 1	Luxembourg’s presidency begins
December	Latest possible date for Irish General Election
Year End	Decision on EMU Start Date
1998
January 1	UK presidency begins
March	French Election – National Assembly
May	Probable Dutch General Election First fixing of the currency on May 3rd
July 1	Deadline for deciding on initial members Austrian presidency begins
September	French Election – Senate Latest date for Danish Election Swedish General Election
October	German Election – Bundestag
1999
January 1	Irrevocable fixing of participating currencies against the Euro, abolision of the ECU. Monetary sovereignty of participants ceded to the ESCB ESCB to implement policy in Euros German presidency begins
March	Finnish General Election
May	Belgian General Election
June	European Parliament Elections Luxembourg General Election Portuguese General Election
July 1	Finnish Presidency begins
December	Austrian General Election
2000
January 1	Portuguese presidency begins
March	Spanish Elections
July 1	Greek presidency begins
September	Greek General Election
2001
January 1	Likely date for second round entry Swedish presidency begins
April	Latest date for Italian General Election
July 1	Belgian presidency begins
2002
January 1	Latest date for issue of Euro notes and coins Greek presidency begins
June 30	Latest date for abolition of National notes and coins
July 1	Danish presidency begins