council decis decemb detail provis composit econom financi committe ec council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european central bank regard opinion monetari committe treati econom financi committe set start stage econom monetari union treati requir council adopt detail provis composit econom financi committe member state commiss european central bank appoint member committe task econom financi committe set articl treati part task econom financi committe review econom financi situat member state commun report regularli thereon council commiss financi relat countri intern institut econom financi committe contribut prepar work council inter alia recommend requir part multilater surveil broad econom guidelin set articl treati decis requir part excess deficit procedur set articl treati natur import task essenti member committe altern member select expert possess outstand compet econom financi field resolut econom polici coordin stage emu european council luxembourg decemb conclud econom financi committe provid framework dialogu council european central bank prepar continu level senior offici offici nation central bank european central bank nation administr administr refer servic minist attend council meet composit econom financ minist membership committe offici european central bank nation central bank prejudic articl treati decid articl member state commiss european central bank appoint member econom financi committe appoint altern member committe articl member committe altern select expert possess outstand compet econom financi field articl member appoint member state select senior offici administr nation central bank altern select condit articl decis publish offici journal european commun effect januari brussel decemb council presid bartenstein oj opinion deliv novemb publish offici journal opinion deliv novemb publish offici journal oj