PART THREEUNION POLICIES AND INTERNAL ACTIONS

TITLE VIIIECONOMIC AND MONETARY POLICY

CHAPTER 5TRANSITIONAL PROVISIONS

Article 142(ex Article 124(1) TEC)

Each Member State with a derogation shall treat its exchange-rate policy as a matter of common interest. In so doing, Member States shall take account of the experience acquired in cooperation within the framework of the exchange-rate mechanism.