council direct june amend direct eec ordin law regul administr provis relat take pursuit busi direct insur life assur eec council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe council direct eec juli ordin law regul administr provis relat take pursuit busi direct insur life assur facilit take pursuit busi elimin diverg nation legisl ensur adequ protect insur parti member state time ordin provis relat financi guarante requir insur undertak pursuant direct minimum guarante fund member state requir insur undertak head offic territori amount express unit account direct unit account refer order determin amount contribut revenu mutual associ direct appli purpos direct quot unit account quot mean unit defin articl protocol statut european invest bank basi definit convers amount mention direct nation currenc lead distort competit undertak head offic situat member state decis eec council defin april european unit account repres averag currenc member state convers rate currenc unit account fix automat refer daili quotat exchang market european unit account place insur undertak competit foot oj oj oj oj articl aforesaid protocol undergo revis pursuant decis march board governor eib bank european unit account defin council decis eec recent decemb commiss decis ecsc adopt unanim assent council european unit account appli treati establish european coal steel commun european unit account member state currenc fix daili refer dai fix appli direct member state introduct european unit account lead reduct term nation currenc amount express unit account direct reduct lead reduct protect insur parti minimum guarante fund amount review year result review amount question amend member state reduct amount express nation currenc condit swiftli adjust state implement success measur rais difficulti undertak supervisori author amount level reach basi convers rate applic introduct european unit account level higher european unit account amount fix direct eec review econom monetari situat commun justifi examin regular interv amount adopt direct articl substitut text articl direct eec quot unit account mean european unit account eua defin commiss decis ecsc direct refer unit account convers nation currenc adopt decemb year dai preced month octob eua convers valu commun currenc quot note ad footnot page articl direct eec appear quot oj quot articl transit measur amount express unit account direct eec amend time amount express nation currenc convers unit account defin articl deriv rate convers applic unit account adopt direct articl year council act propos commiss review amend amount express direct eec unit account take account econom monetari situat commun articl nation provis amend accord direct applic decemb articl direct address member state luxembourg june council presid thorn oj