Rozhodnutí Komise ze dne 28. listopadu 2011 o uzavření jménem Evropské unie Měnové dohody mezi Evropskou unií a Monackým knížectvím

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Council Decision of 25 February 2011 on the arrangements for the renegotiation of the Monetary Agreement between the Government of the French Republic, on behalf of the European Community, and the Government of His Serene Highness the Prince of MonacoOJ L 81, 29.3.2011, p. 3 . , and in particular Article 4 thereof,

The Agreement between the European Union and the Principality of Monaco is hereby approved.

The text of the Agreement is set out in the Annex I.

OJ L 81, 29.3.2011, p. 3 .

(1) On 26 December 2001 the Monetary Agreement between the Government of the French Republic, on behalf of the European Community, and the Government of His Serene Highness the Prince of MonacoOJ L 142, 31.5.2002, p. 59 . (hereinafter the Agreement) was concluded.

(2) In its conclusion of 10 February 2009 the Council invited the Commission to review the functioning of the existing Monetary Agreements and to consider possible increases in the ceilings for coin issuance.

(3) The Commission concluded in the Communication on the functioning of the Monetary Agreements with the Principality of Monaco (hereinafter Monaco), San Marino and the Vatican that the Agreement in its present form needs to be amended with a view to ensuring a more consistent approach in the relations between the Union and the countries having signed a monetary agreement.

(4) Following the Council Decision of 25 February 2011 and, in particular, Article 4 thereof, the Agreement with Monaco was successfully renegotiated by France and the Commission on behalf of the Union. The European Central Bank (ECB) was fully associated with the negotiations and its agreement was given on issues falling within its field of competence.

(5) The Commission submitted the draft renegotiated Agreement to the Economic and Financial Committee (EFC) for opinion.

(6) Neither the ECB nor the EFC are of the opinion that the agreement should be submitted to the Council,

The Vice-President responsible for Economic and Monetary Affairs and the Euro is hereby authorised to sign the Agreement in order to bind the European Union.

OJ L 142, 31.5.2002, p. 59 .

Article 1 Article 1

Article 2 Article 2

Article 3 Article 3

Article 4 Article 4

The Agreement shall enter into force on 1 December 2011 . It shall be published in the Official Journal of the European Union.

This Decision shall enter into force on 28 November 2011 .

HAS DECIDED AS FOLLOWS: