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Part VI Monetary Unions and other Forms of Monetary Organization, 28 The Single Currency and its Treaty Framework

Charles Proctor, Dr Caroline Kleiner, Dr Florian Mohs

From: Mann on the Legal Aspect of Money (7th Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 25 March 2023

Monetary system — Foreign currency systems and institutions
28.01 It is now proposed to consider the provisions established for the creation of the euro pursuant to the terms of the Treaties. It will also be necessary to consider certain initiatives—in particular, the so-called ‘Madrid Scenario’—which followed the original ratification of the Treaty on European Union. However, purely as a matter of convenience, the Council Regulations which were introduced pursuant to the relevant Treaty provisions will be held over to the next chapter. 28.02 It was noted earlier that any change in the nature or denomination of a national...
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