Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-06-14-Speech-3-275"
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"en.20000614.10.3-275"2
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"Mr President, Euro 11 must be one of the biggest mysteries within the Community institutions because this question comes up on a regular basis. The third phase of economic and monetary union saw the beginning of informal meetings of the Euro Council or Euro 11 as it also known. This brings together the finance ministers of the countries in the euro zone. These meetings are held monthly and before the formal meetings of Ecofin which involve all fifteen Member States. Euro 11 meetings essentially address issues relating to the specific responsibilities which the eleven countries share in matters involving the single currency.
Whenever the issues go beyond this scope, the meetings are extended to all the Member States as is laid down. In all cases where decisions must be taken, Ecofin takes these in accordance with the procedures established in the Treaty. This was the guidance given by the Luxembourg European Council of 12 and 13 December 1997. Any other mystery for which the operation of Euro 11 may be criticised can only stem from a failure to understand this reality and the information which is actually in the public domain. The issues discussed by Euro 11 and transferred subsequently to Ecofin, which is attended by all the other countries which have not adopted the euro, are widely known, even in the press."@en1
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