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Document 52014AB0050

Opinion of the European Central Bank of 8 July 2014 on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Lithuania and on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Lithuania (CON/2014/50)

OJ C 244, 26.7.2014, p. 1–1 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

26.7.2014   

EN

Official Journal of the European Union

C 244/1

OPINION OF THE EUROPEAN CENTRAL BANK

of 8 July 2014

on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Lithuania and on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Lithuania

(CON/2014/50)

2014/C 244/01

Introduction and legal basis

On 16 June 2014, the European Central Bank (ECB) received a request from the Council of the European Union for an opinion on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Lithuania (1). On 4 July 2014, the ECB received a request from the Council of the European Union for an opinion on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Lithuania (2).

The ECB’s competence to deliver an opinion is based on Article 140(3) of the Treaty on the Functioning of the European Union. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.

Observations

1.

The proposed regulations will enable the introduction of the euro as the currency of Lithuania following the abrogation of Lithuania’s derogation in accordance with the procedure set out in Article 140(2) of the Treaty.

2.

The ECB welcomes the proposed regulations.

Done at Frankfurt am Main, 8 July 2014.

The President of the ECB

Mario DRAGHI

(1)  COM(2014) 325 final.

(2)  COM(2014) 447 final.

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