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Council or Council or in decisions concerning it. A conference of representatives of the governments of the Member States shall be convened by the President of the Council for the purpose of determining by common accord the amendments to be made to the Treaties. The arrangements for such consultations may be determined, in due course, by common accord between the European Parliament and the European Council. Article 10 is repealed and the number thereof is used to insert another provision.

exercise of the Union competences under this Chapter. << the application of the principles of subsidiarity and proportionality. Representation of citizens shall The Commission's term of office shall be five years.The members of the Commission shall be chosen on the ground of their general competence and European commitment from persons whose independence is beyond doubt.In carrying out its responsibilities, the Commission shall be completely independent. By way of derogation from Article 28.3, central banks of Member States with a derogation shall not pay up their subscribed capital unless the General Council, acting by a majority representing at least two thirds of the subscribed capital of the ECB and at least half of the shareholders, decides that a minimal percentage has to be paid up as a contribution to the operational costs of the ECB.Article 48 (ex Article 49)Deferred payment of capital, reserves and provisions of the ECB48.1. It shall notify its decision to the Commission which shall decide within one month whether the measures taken by the State should be maintained or must be amended or cancelled. The European Defence Agency referred to in Article 42(3), subject to the authority of the Council, shall have as its task to:(a) contribute to identifying the Member States' military capability objectives and evaluating observance of the capability commitments given by the Member States;(b) promote harmonisation of operational needs and adoption of effective, compatible procurement methods;(c) propose multilateral projects to fulfil the objectives in terms of military capabilities, ensure coordination of the programmes implemented by the Member States and management of specific cooperation programmes;(d) support defence technology research, and coordinate and plan joint research activities and the study of technical solutions meeting future operational needs;(e) contribute to identifying and, if necessary, implementing any useful measure for strengthening the industrial and technological base of the defence sector and for improving the effectiveness of military expenditure.2. 2. Without prejudice to the objective of price stability, it shall support the general economic policies in the Union with a view to contributing to the achievement of the objectives of the Union as laid down in Article 3 of the Treaty on European Union. The case list shall be established by the President. be notified to the national Parliaments. 44.1. The High Representative shall preside over the Foreign Affairs Council.4. The High Representative of the Union for Foreign Affairs and Security Policy shall organise this coordination.In international organisations and at international conferences where not all the Member States participate, those which do take part shall uphold the Union's positions.2. /Contents 595 0 R

[1] The Republic of Bulgaria, the Czech Republic, the Republic of Estonia, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic of Malta, the Republic of Austria, the Republic of Poland, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden have since become members of the European Union. advice and assistance tasks, conflict prevention and peace-keeping tasks, tasks of combat forces in - Paragraphs 1 and 2 replace, in substance, Article 189 TEC; - paragraphs 1 to 3 replace, in substance, paragraphs 1 to 3 of Article 190 TEC; - paragraph 1 replaces, in substance, the first subparagraph of Article 192 TEC; - paragraph 4 replaces, in substance, the first subparagraph of Article 197 TEC. In particular, the Member State shall not have devalued its currency's bilateral central rate against the euro on its own initiative for the same period. The European Council, acting by a qualified majority, with the agreement of the President of the Commission, shall appoint the High Representative of the Union for Foreign Affairs and Security Policy. the Italian Republic. For the purposes of the negotiations for the admission of new Member States into the European Union, the Schengen acquis and further measures taken by the institutions within its scope shall be regarded as an acquis which must be accepted in full by all States candidates for admission. Without prejudice to Article 240 of the Treaty on the Functioning of the European Union, a Political and Security Committee shall monitor the international situation in the areas covered by the common foreign and security policy and contribute to the definition of policies by delivering opinions to the Council at the request of the Council or of the High Representative of the Union for Foreign Affairs and Security Policy or on its own initiative. Member States as provided for in paragraph 4. [7] Paragraph 4 replaces, in substance, the first subparagraph of Article 191 TEC. Appropriate procedures shall be agreed to that effect in an Agreement to be concluded with those States by the Council, acting by the unanimity of its Members mentioned in Article 1. RESOLVED to achieve the strengthening and the convergence of their economies and to establish an economic and monetary union including, in accordance with the provisions of this Treaty and of the Treaty on the Functioning of the European Union, a single and stable currency.

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