The Council took note of the executive summary of the report of this group and the remarks of delegations on it. The Council agreed to come back to the subject at its next meeting on 2 December with a view to reporting on the issue to the European Council in Dublin. PREPARATION OF THE EUROPEAN COUNCIL: RECOMMENDATION ON STAGE III OF EMU In accordance
with the procedures laid down in Article 109j of the Treaty, the ECOFIN Council adopted - on the basis of the reports fro
m the Commission on ...[+++]lass=yellow3>convergence in the European Union in 1996 and from the EMI on "Progress towards
convergence 1996" - a recommendation to the Council, meeting in the composition of the Heads of State or Government, as proposed
by the Commission, stating that a majority of Member States do not presently fulfill the conditions necessary for the adoption of the single currency and that, consequently, the Community will not enter the third stage of EMU in 1997.
PREPARATION DU CONSEIL EUROPEEN : RECOMMANDATION SUR LA TROISIEME PHASE DE L'UEM Conformément aux procédures prévues à l'article 109 J du traité, le Conseil ECOFIN a adopté, sur la base du rapport de l
a Commission sur la convergence dans l'Union européenne en 1996 et du rapport de l'IME intitulé "Progrès vers la
convergence 1996", une recommandation au Conseil réuni au niveau des chefs d'Etat ou de gouvernement, proposée par la Commission, constatant que la majorité des Etats membres ne remplit pas les conditions nécessaires pour l'adoption d'une monnaie unique et que, par co
...[+++]nséquent, la Communauté n'entrera pas dans la troisième phase de l'UEM en 1997.