asked the Minister for Finance under what Irish or Common Market legislation obligations will be incurred as a result of the commitment to Common Market economic and monetary union.
Ceisteanna—Questions. Oral Answers. - Membership of EEC.
43.
Measures necessary for the achievement of economic and monetary union are set out in the Council Resolutions of 22nd March, 1971, and 21st March, 1972. The implementation of these measures involves the adoption of regulations, decisions and directives by the Council. In this context the following instruments have already been adopted.
Decision 71/141 of 22nd March, 1971, on the strengthening of coordination of short-term economic policies of the member states of the European Economic Community.
Decision 71/142 of 22nd March, 1971, on the strengthening of cooperation between the Central Banks of the member states of the European Economic Community.
Decision 71/143 of 22nd March, 1971, on setting up machinery for medium-term financial assistance.
Directive 72/156 of 21st March, 1972, for the regulation of international financial flows and the neutralisation of their undesirable effects on internal liquidity.
Legal effect will be given to these and any other relevant instruments adopted by the Council by means of the provisions of the European Communities Bill, when enacted, or such alternative legislation as may be considered appropriate in the future.