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TREATY ESTABLISHING A CONSTITUTION FOR EUROPE
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national central bank
[
Global Index
]
ARTICLE-I-30
: The European Central Bank [
go to this ARTICLE
]
... The
European Central Bank
, together with the
national central banks
, shall
constitute
the
European System of Central Banks
. The
European Central Bank
, together with the
national central banks
of the
Member States
whose
currency
is the
euro
, which
constitute
the Eurosystem, shall
conduct
the
monetary policy
of the
Union
. ...
... The
European Central Bank
, together with the
national central banks
, shall
constitute
the
European System of Central Banks
. The
European Central Bank
, together with the
national central banks
of the
Member States
whose
currency
is the
euro
, which
constitute
the Eurosystem, shall
conduct
the
monetary policy
of the
Union
. ...
ARTICLE-III-181
[
go to this ARTICLE
]
... Overdraft
facilities
or any other type of
credit facility
with the
European Central Bank
or with the
central banks
of the
Member States
(hereinafter referred to as `
national central banks
') in favour of
Union
institutions
,
bodies
,
offices
or
agencies
,
central
governments
,
regional
,
local
or other
public authorities
, other
bodies
governed
by
public law
, or
public
undertakings of
Member States
shall be
prohibited
, as shall the
purchase
directly from them by the
European Central Bank
or
national central banks
of
debt
instruments
. ...
... Overdraft
facilities
or any other type of
credit facility
with the
European Central Bank
or with the
central banks
of the
Member States
(hereinafter referred to as `
national central banks
') in favour of
Union
institutions
,
bodies
,
offices
or
agencies
,
central
governments
,
regional
,
local
or other
public authorities
, other
bodies
governed
by
public law
, or
public
undertakings of
Member States
shall be
prohibited
, as shall the
purchase
directly from them by the
European Central Bank
or
national central banks
of
debt
instruments
. ...
... Paragraph 1 shall not apply to
publicly
owned
credit
institutions
which, in the
context
of the
supply
of
reserves
by
central banks
, shall be given the same
treatment
by
national central banks
and the
European Central Bank
as
private
credit
institutions
. ...
ARTICLE-III-186
[
go to this ARTICLE
]
... The
European Central Bank
shall have the
exclusive right
to
author
ise the issue of
euro
bank notes
in the
Union
. The
European Central Bank
and the
national central banks
may issue such notes. Only the
bank notes
issued by the
European Central Bank
and the
national central banks
shall have the
status
of
legal tender
within the
Union
. ...
... The
European Central Bank
shall have the
exclusive right
to
author
ise the issue of
euro
bank notes
in the
Union
. The
European Central Bank
and the
national central banks
may issue such notes. Only the
bank notes
issued by the
European Central Bank
and the
national central banks
shall have the
status
of
legal tender
within the
Union
. ...
ARTICLE-III-188
[
go to this ARTICLE
]
... When exercising the
powers
and carrying out the tasks and
duties
conferred upon them by the
Constitution
and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
, neither the
European Central Bank
, nor a
national central bank
, nor any
member
of their
decision-making bodies
shall
seek
or take
instructions
from
Union
institutions
,
bodies
,
offices
or
agencies
, from any
government
of a
Member State
or from any other
body
. The
Union
institutions
,
bodies
,
offices
or
agencies
and the
governments
of the
Member States
under take to
respect
this
principle
and not to
seek
to
influence
the
members
of the
decision-making bodies
of the
European Central Bank
or of the
national central banks
in the
performance
of their tasks. ...
... When exercising the
powers
and carrying out the tasks and
duties
conferred upon them by the
Constitution
and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
, neither the
European Central Bank
, nor a
national central bank
, nor any
member
of their
decision-making bodies
shall
seek
or take
instructions
from
Union
institutions
,
bodies
,
offices
or
agencies
, from any
government
of a
Member State
or from any other
body
. The
Union
institutions
,
bodies
,
offices
or
agencies
and the
governments
of the
Member States
under take to
respect
this
principle
and not to
seek
to
influence
the
members
of the
decision-making bodies
of the
European Central Bank
or of the
national central banks
in the
performance
of their tasks. ...
ARTICLE-III-189
[
go to this ARTICLE
]
... Each
Member State
shall ensure that its
national legislation
,
including
the
statutes
of its
national central bank
, is
compatible
with the
Constitution
and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
. ...
ARTICLE-III-197
[
go to this ARTICLE
]
... Under
Chapter
IX of the
Statute
of the
European System of Central Banks
and of the
European Central Bank
,
Member States
with a
derogation
and their
national central banks
are excluded from
rights
and
obligations
within the
European System of Central Banks
. ...
ARTICLE-III-198
[
go to this ARTICLE
]
... At least once every two
years
, or at the
request
of a
Member State
with a
derogation
, the
Commission
and the
European Central Bank
shall
report
to the
Council
on the
progress
made by the
Member States
with a
derogation
in fulfilling their
obligations
regarding the
achievement
of
economic
and
monetary union
. These
reports
shall
include
an
examination
of the
compatibility
between the
national legislation
of each of these
Member States
,
including
the
statutes
of its
national central bank
, and Articles
III-188
and
III-189
and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
. The
reports
shall also examine whether a high
degree
of
sustainable
convergence has been achieved, by analysing how far each of these
Member States
has fulfilled the following
criteria
: ...
ARTICLE-III-199
[
go to this ARTICLE
]
... strengthen
cooperation
between the
national central banks
; ...
... hold
consultations
concerning
issues falling within the
competence
of the
national central banks
and
affecting
the
stability
of
financial institutions
and
markets
; ...
ARTICLE-III-373
[
go to this ARTICLE
]
... the fulfilment by
national central banks
of
obligations
under the
Constitution
and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
. In this
connection
, the
powers
of the
Governing
Council
of the
European Central Bank
in
respect
of
national central banks
shall be the same as those conferred upon the
Commission
in
respect
of
Member States
by Article
III-360
. If the
Court of Justice
of the
European Union
finds
that a
national central bank
has failed to fulfil an
obligation
under the
Constitution
, that
bank
shall be required to take the necessary
measures
to comply with the
judgment
of the
Court
. ...
... the fulfilment by
national central banks
of
obligations
under the
Constitution
and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
. In this
connection
, the
powers
of the
Governing
Council
of the
European Central Bank
in
respect
of
national central banks
shall be the same as those conferred upon the
Commission
in
respect
of
Member States
by Article
III-360
. If the
Court of Justice
of the
European Union
finds
that a
national central bank
has failed to fulfil an
obligation
under the
Constitution
, that
bank
shall be required to take the necessary
measures
to comply with the
judgment
of the
Court
. ...
... the fulfilment by
national central banks
of
obligations
under the
Constitution
and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
. In this
connection
, the
powers
of the
Governing
Council
of the
European Central Bank
in
respect
of
national central banks
shall be the same as those conferred upon the
Commission
in
respect
of
Member States
by Article
III-360
. If the
Court of Justice
of the
European Union
finds
that a
national central bank
has failed to fulfil an
obligation
under the
Constitution
, that
bank
shall be required to take the necessary
measures
to comply with the
judgment
of the
Court
. ...
ARTICLE-III-382
[
go to this ARTICLE
]
... The
Governing
Council
of the
European Central Bank
shall comprise the
members
of the
Executive Board
of the
European Central Bank
and the Governors of the
national central banks
of the
Member States
without a
derogation
as referred to in Article
III-197
. ...
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