council decis septemb composit statut econom polici committe ec council european union regard treati establish european commun articl thereof regard opinion commiss econom polici committe hereinaft quot committe quot set council decis eec committe exercis function hitherto assign short term econom polici committe set council decis march coordin conjunctur polici member state budgetari polici committe set council decis cooper compet govern depart member state field budgetari polici medium term econom polici committe set council decis april set medium term econom polici committe committe provid articl treati statut committe reflect institut environ creat entri stage econom monetari union advis maintain basic structur committe make adjust improv function describ task precis task assign committe prejudic commiss formul recommend deliv opinion matter dealt treati introduct euro reinforc close coordin econom polici sustain converg econom perform member state resolut european council decemb econom polici coordin stage econom monetari union enhanc econom polici coordin includ closer monitor macroeconom develop member state member state structur polici labour product servic market cost price trend affect chanc achiev sustain inflationari growth job creation broad econom polici guidelin multilater surveil procedur provid articl treati centr econom polici coordin prejudic task econom financi committe committe provid support formul guidelin contribut multilater surveil procedur area mention decis european council meet cardiff june welcom decis ecofin council minist meet council establish light procedur fulli respect subsidiar principl monitor progress econom reform resolut european council june launch process macroeconom dialogu commun level macroeconom dialogu aim improv interact wage develop macroeconom polici european council conclud macroeconom dialogu technic level place work parti set framework committe collabor employ labour market committe particip repres committe includ european central bank commiss macroeconom group social dialogu committe organis contribut govern repres dialogu level resolut european council june growth employ call enhanc coordin econom polici complement procedur envisag titl employ treati request employ committe work close committe treati establish econom financi committe task econom financi committe set articl treati statut econom financi committe adopt council decis decemb committe work close cooper econom financi committe assist council treati call establish employ committe close cooper committe requir descript task committe prejudic futur secondari legisl multilater surveil procedur provid articl treati member state commiss european central bank adequ repres committe nomin member member committe appoint person capac guid perform duti gener interest commun presid committe elect period year rule term renew extend term candid presid membership committe offici european central bank nation central bank prejudic articl treati decid articl statut econom polici committe provid articl treati quot committe quot adopt text statut set annex hereto articl decis eec repeal articl decis effect dai public brussel septemb council presid fabiu oj oj oj oj oj oj oj oj annex statut econom polici committe part task committe articl prejudic articl treati econom polici committe hereinaft refer quot committe quot contribut prepar work council coordin econom polici member state commun provid advic commiss council committe contribut prepar work council provid econom analys opinion methodolog draft formul polici recommend structur polici improv growth potenti employ commun context focu function good capit servic labour market includ wage product employ competit develop role effici public sector long term sustain public financ economi wide implic specif polici relat environ research develop social cohes area mention committe prejudic articl treati provid support work council formul broad econom polici guidelin contribut multilater surveil procedur refer articl treati context committe conduct regular countri review focus structur reform member state prejudic articl treati committe contribut work council employ titl treati committe support econom financi committe keep review short medium term macroeconom develop member state commun provid analysi opinion methodolog question relat interact structur macroeconom polici wage develop member state commun committe provid framework macroeconom dialogu involv repres committe includ european central bank econom financi committe employ committe commiss social partner place technic level committe consult commiss maximum rate increas compulsori expenditur gener budget european commun provid articl treati articl committe deliv opinion request council commiss econom financi committe initi articl fulfil task committe work close relat econom financi committe report council contribut prepar broad econom polici guidelin committe report econom financi committe coordin work employ committe committe work group prepar work council area committe work group compet part ii composit articl member state commiss european central bank appoint member committe member committe select senior offici possess outstand compet field econom structur polici formul articl member committe guid perform duti gener interest commun part iii presid secretariat articl committe elect member major member presid vice presid period year rule year term renew presid deleg vote member deleg articl event unabl fulfil duti presid replac vice presid committe articl committe assist secretariat direct secretari secretari staff secretariat need carri task secretariat suppli commiss secretari appoint commiss consult committe secretari staff act instruct committe carri respons committe expens committe includ estim commiss part iv proceed articl opinion report adopt major member vote request member vote advic opinion question council subsequ decis member central bank commiss particip fulli discuss particip vote committe report minor dissent view express discuss articl rule member speak meet committe except circumst presid agre altern arrang articl committe entrust studi specif question subcommitte work parti presid group assum member committe appoint committe articl committe subcommitte work parti invit expert assist articl committe conven presid initi request council commiss member articl rule presid repres committe presid authoris committe report discuss deliv oral comment opinion report prepar committe presid committe respons maintain committe relat european parliament inform committe work articl decid proceed committe confidenti rule appli proceed subcommitte work parti report opinion prepar committe publicli transmit addresse overrid reason confidenti articl committe adopt procedur arrang