PART THREE

UNION POLICIES AND INTERNAL ACTIONS
TITLE IV

FREE MOVEMENT OF PERSONS, SERVICES AND CAPITAL
CHAPTER 4

CAPITAL AND PAYMENTS

(ex Article 59 TEC)
Article 66
Where, in exceptional circumstances, movements of capital to or from third countries cause, or threaten to cause, serious difficulties for the operation of economic and monetary union, the Council, on a proposal from the Commission and after consulting the European Central Bank, may take safeguard measures with regard to third countries for a period not exceeding six months if such measures are strictly necessary.