Translation of "Convergence économique et monétaire " (French → English) :

Commission releases 2016 Convergence Report - Press release Convergence Report 2016 ECB Convergence Report 2016 The Euro Economic and Monetary Union Previous Convergence Reports

14. Calls again on the Commission to put forward proposals for the completion of the EMU without delay in accordance with all the guidelines in its blueprint on a deep and genuine EMU; notes that the completion of the EMU should be based on the community method; Reiterates once more its demand for a legal act on ‘convergence guidelines’ to be adopted under the ordinary legislative procedure, laying down, for a set period, a very limited number of targets for the most urgent reform measures and its request that the Member States ensure that the national reform programmes should be established on the basis of the aforementioned convergen ...[+++]ce guidelines and verified by the Commission; calls on the Member States to commit themselves to fully implementing their national reform programmes; suggests that, on this basis, the Member States could enter into a ‘convergence partnership’ with the EU institutions, with the possibility of conditional funding for reform activities; reiterates that such stronger economic cooperation should go hand in hand with an incentive-based financial mechanism; considers that any additional funding or instruments, such as a solidarity mechanism, must be an integral part of the EU budget, but outside the agreed multiannual financial framework (MFF) envelope;

14. Calls again on the Commission to put forward proposals for the completion of the EMU without delay in accordance with all the guidelines in its blueprint on a deep and genuine EMU; notes that the completion of the EMU should be based on the community method; Reiterates once more its demand for a legal act on ‘convergence guidelines’ to be adopted under the ordinary legislative procedure, laying down, for a set period, a very limited number of targets for the most urgent reform measures and its request that the Member States ensure that the national reform programmes should be established on the basis of the aforementioned convergen ...[+++]ce guidelines and verified by the Commission; calls on the Member States to commit themselves to fully implementing their national reform programmes; suggests that, on this basis, the Member States could enter into a ’convergence partnership’ with the EU institutions, with the possibility of conditional funding for reform activities; reiterates that such stronger economic cooperation should go hand in hand with an incentive-based financial mechanism; considers that any additional funding or instruments, such as a solidarity mechanism, must be an integral part of the EU budget, but outside the agreed multiannual financial framework (MFF) envelope;

- The economic and monetary convergence strategy to which I contributed both as Head of the Treasury and as Governor of the Banque de France.

– having regard to its resolution of 30 April 1998 on the Convergence Report of the European Monetary Institute and the document from the Commission entitled 'Euro 1999 - 25 March 1998 - Report on progress towards convergence and its recommendation with a view to the transition to the third stage of Economic and Monetary Union ,

Let us get back to basics and realise that it is not possible to have a better employment policy if, after the phase of economic and monetary convergence, we do not wish to establish full social and fiscal convergence, with standards common to all the States of the Union.