ake protective measures, the
conditions and details of which the Commission shall determine.
Such authorization may be revoked and such conditions and details
may be changed by the Council acting by a qualified majority.
4. Subject to Article 109k(6), this Article shall cease to apply from the
beginning of the third stage.
ARTICLE 109i
1. Where a sudden crisis in the balance of payments occurs and a
decision within the meaning of Article 109h(2) is not immediately
taken, the Member State concerned may, as a precaution, take the
necessary protective measures. Such measures must cause the least
possible disturbance in the functioning of the common 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 State shall be informed of
such protective measures not later than when they enter into force.
The Commission may recommend to the Council the granting of mutual
assistance under Article 109h.
3. After the Commission has delivered an opinion and the Committee
referred to in Article 109c has been consulted, the Council may, acting
by a qualified majority, decide that the State concerned shall amend,
suspend or abolish the protective measures referred to above.
4. Subject to Article 109k(6), this Article shall cease to apply from the
beginning of the third stage.
ARTICLE 109j
1. The Commission and the EMI shall report to the Council on the
progress made in the fulfilment by the Member States of their
obligations regarding the achievement of economic and monetary
union. These reports shall include an examination of the compatibility
between each Member State's national legislation, including the
statutes of its national central bank, and Articles 107 and 108 of this
Treaty and the Statute of the ESCB. The report shall also examine the
achievement of a high degree of sustainable convergence by
reference to the fulfilment by each Member State of the following
criteria:
- the achievement of a high degree of price stability; this will be
apparent from rate of inflation which is close to that of, at most, the
three best performing Member States in terms of price stability;
- the sustainability of the government financial position; this will be
apparent from having achieved a government budgetary position
without a deficit that is excessive as determined in accordance with
Article 104c(6);
- the observance of the normal fluctuat