This would be similar to the current practice for the Council of Economics and Finance Ministers (Ecofin). Apart from that, the ECB staff could be asked to make a yearly assessment of the state of progress in applicant countries. Finally, the Governing Council of the ECB will be requested to give its opinion on the expansion of the European Union towards the East.
For now, I would like to conclude that the authorities of the candidate member states seem to be very capable of taking the right decisions in providing their people with a stable economic environment. BIS Review 100/1998