29.01 The preceding chapters have considered the consequences of the Treaty on European Union and other questions of a relatively ‘high level’ nature. It is now necessary to focus on the more detailed legal framework for the introduction of the single currency. 29.02 It has been noted earlier that, ultimately, two separate Council Regulations were made in order to provide the initial framework for the use of the euro. Plainly, it would have been preferable if the required ‘code’ for the single currency could have been set out in a single document. It is therefore...
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