C. whereas the above-mentioned Presidency conclusions of the Vienna European Council, which reaffirm the IMF's role as the "cornerstone of the international monetary and financial system", under the heading "Europe as a Global Player – Speaking with one Voice" note that "it is
imperative that the Community should play its full role in international monetary and economic policy cooperation within fora like the G7 and the IMF' and call, firstly, for the European Central Bank (ECB), 'as the Community body competent for monetary policy, [to] be granted observer status at the IMF board" and, secondly, for "The views of the European Community
...[+++]/EMU on other issues of particular relevance to the EMU [to] be presented at the IMF board by the relevant member of the Executive Director's office of the Member State holding the euro Presidency, assisted by a representative of the Commission"; and whereas Article 1 of the above-mentioned Commission proposal of 9 November 1998 suggests that "in the context of EMU , the Community shall be represented at international level by the Council with the Commission, and by the ECB",