This corresponds to the economic reasoning behind the Treaty provision that the Commission and the ECB have to examine the achievement of a high degree of sustainable convergence in their convergence reports to the Council before a decision will be taken on any new Member State’s adoption of the euro.
Ladies and Gentlemen, I am sure that the participation of the new member countries in the stability architecture of the Economic and Monetary Union from their accession onwards will decisively contribute to enhancing the success of EMU into the enlarged European Union.