Enlargement of the euro area: adjustment of voting arrangements in the Governing Council of the ECB
This Decision introduces a voting rotation system within the Governing Council of the European Central Bank (ECB). The aim is to take into account the increase in the number of governors as new Member States introduce the euro.
-Enlargement, two years after - an economic success
The 2004 enlargement of the European Union (EU) has been an economic success for all European countries. In this Communication, the Commission takes stock of the economic impact of the 2004 enlargement, which extended Europe's political and economic area to include ten new Member States. Today, their economies have made substantial progress on the pathway to integration and have become more dynamic and competitive. The old Member States, in turn, have benefited from the new opportunities which have opened up in the new Member States without experiencing significant repercussions.
ECONOMIC IMPACT OF ENLARGEMENT
-Enlargement, two years after - an economic success
The 2004 enlargement of the European Union (EU) has been an economic success for all European countries. In this Communication, the Commission takes stock of the economic impact of the 2004 enlargement, which extended Europe's political and economic area to include ten new Member States. Today, their economies have made substantial progress on the pathway to integration and have become more dynamic and competitive. The old Member States, in turn, have benefited from the new opportunities which have opened up in the new Member States without experiencing significant repercussions.