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Commission recommendation on measures to facilitate future changeovers to the euro

The European Commission has issued a new recommendation addressed to Member States with a derogation, as well as banks, enterprises, trade associations and consumers' organisations in these Member States.

The Commission has repeatedly used the instrument of a recommendation to guide the practical preparations for the introduction of the euro. It started with three specialized texts in 1998 (on banking charges for the conversion, dual display of prices, dialogue and information) and adopted one overarching recommendation in 2000 on "measures to facilitate the preparation of economic operators for the changeover to the euro". The recommendation of 2000 aimed at taking advantage of the existence of the transitional period between the adoption of the euro and the introduction of euro cash, notably to push the economic actors to gain a first experience by using the euro. However, in the next changeovers, the Member States, which will adopt the euro, plan to introduce it through a "big-bang operation", without a transitional period. There is therefore a need to address this new context, drawing also from the experience acquired under the first-wave changeover in 2002, the Slovenian changeover in 2007 and the Cypriot and Maltese changeovers in 2008.

The new recommendation is based on Article 211 EC and addressed to the "Member States with a derogation as defined in Article 122 of the Treaty" as well as banks, enterprises, trade associations and consumers' organisations in these Member States.

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