EUR-Lex - 31964D0301 - EN

Article 1

Consultations shall take place within the Monetary Committee in respect of any important decision or position taken by Member States in the field of international monetary relations and concerning in particular: - the general working of the international monetary system:

• recourse by a Member State to resources which can be mobilised within the framework of international agreements;

• participation by one or more Member States in substantial monetary support operations in favour of third countries.

Article 2

The Member States shall take the aforesaid decisions or positions only after the consultations referred to in Article 1 have been held, unless circumstances and in particular the time limits for taking them require otherwise.

Done at Brussels, 8 May 1964.

For the Council

The President

H. FAYAT

1 OJ No 24, 8.2.1964, p. 409/64. 2 OJ No 38, 5.3.1964, p. 652/64.