Al Moqatel - ملاحق بحث دول الاتحاد الأوروبي

reference to the national law of the Member State concerned.

SECTION B

Economic and monetary union

1.	The Protocol on certain provisions relating to Denmark attached to the Treaty establishing the European Community gives Denmark the right to notify the Council of the European Communities of its position concerning participation in the third stage of economic and monetary union. Denmark has given notification that it will not participate in the third stage. This notification will take effect upon the coming into effect of this decision.
2.	As a consequence, Denmark will not participate in the single currency; will not be bound by the rules concerning economic policy which apply only to the Member States participating in the third stage of economic and monetary union, and will retain its existing powers in the field of monetary policy according to its national laws and regulations, including powers of the National Bank of Denmark in the field of monetary policy.
3.	Denmark will participate fully in the second stage of economic and monetary union and will continue to participate in exchange rate cooperation within the European Monetary System (EMS).

SECTION C

Defence policy

The Heads of State or Government note that, in response to the invitation from the Western European Union (WEU), Denmark has become an observer to that organization. They also note that nothing in the Treaty on European Union commits Denmark to become a member of the WEU. Accordingly, Denmark does not participate in the elaboration and the implementation of decisions and actions of the Union which have defence implications, but will not prevent the development of closer cooperation between Member States in this area.

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1/1/1900