 |
Law-ref.org | TREATY ESTABLISHING A CONSTITUTION FOR EUROPE |
Site search
Sister sites
TREATY ESTABLISHING A CONSTITUTION FOR EUROPE
PART-III: THE POLICIES AND FUNCTIONING OF THE UNION
TITLE-III: INTERNAL POLICIES AND ACTION
CHAPTER-II: ECONOMIC AND MONETARY POLICY
SECTION-5: TRANSITIONAL PROVISIONS
ARTICLE III-202
| ARTICLE III-202 |
| 1. | Where a sudden crisis in the balance of payments occurs and a European decision as referred to in Article III-201(2) is not immediately adopted, a Member State with a derogation may, as a precaution, take the necessary protective measures. Such measures must cause the least possible disturbance in the functioning of the internal market and must not be wider in scope than is strictly necessary to remedy the sudden difficulties which have arisen. |
| 2. | The Commission and the other Member States shall be informed of the protective measures referred to in paragraph 1 not later than when they enter into force. The Commission may recommend to the Council the granting of mutual assistance under Article III-201. |
| 3. | The Council, acting on a recommendation from the Commission and after consulting the Economic and Financial Committee may adopt a European decision stipulating that the Member State concerned shall amend, suspend or abolish the protective measures referred to in paragraph 1. |
- Referred by:
- ARTICLE III-192