Conclusions of the European Council: 1988–1998

Abstract

Extract Hanover, 27 and 28 June 1988 The European Council recalls that, in adopting the Single Act, the Member States confirmed the objective of progressive realization of economic and monetary union. They therefore decided to examine at the European Council meeting in Madrid in June 1989 the means of achieving this union. To that end they decided to entrust to a Committee the task of studying and proposing concrete stages leading towards this union. The Committee will be chaired by Mr Jacques Delors, President of the European Commission. The Heads of State or Government agreed to invite the President or Governor of their central banks to take part in a personal capacity in the proceedings of the Committee, which will also include one other member of the Commission and three personalities designated by common agreement by the Heads of State or Government. They have agreed to invite: The Committee should have completed...

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