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CHAPTER 17 | ECONOMIC AND MONETARY UNION
chapters / CHAPTER 17 | ECONOMIC AND MONETARY UNION

The acquis under Chapter 17 contains specific rules on securing independence of central banks in member-states, prohibiting direct financing of the public sector by central banks and prohibiting privileged access of the public sector to financial institutions.

The member-states are expected to coordinate their economic policies and to align them with the Stability and Growth Pact (SGP) on fiscal surveillance. New member-states are also expected to commit to compliance with the criteria from the Treaty of the European Union (TEU) as preparations for adoption of the euro in due course after accession. Until then, they participate in the Economic and Monetary Union as member-states without using the euro and with own exchange rates as a matter of common concern.

Explanatory screening
  • Explanatory meeting for Chapter 17: Economic and Monetary Union was held on 9 and 10 January 2019. Presentations from this meeting are available on the following link:
Bilateral screening