in the Council of Ministers, restructuring the ECB's Governing Council, and the setting of enlargement “examination … democratic legitimacy in an EU 27. We believe, however, that the impact of enlargement on the ECB's Governing Council merits also …, we argue that undertaking these reforms before enlargement should be a priority, not a precondition. Specifically, the EU …

accession and during the period following EU accession but prior to EMU membership. We conclude that from an economic point of … view, EMU membership should be as early as possible, preferably at the same time as EU membership. The prevailing … interpretation of the exchange rate criterion for EMU membership is that it requires two years of successful membership in the …

enlargement, which led to a modernization of many sectors in Eastern countries and to a fast decline of traditional industries and … and persistent unemployment compared to Estonia during the period of EU enlargement. Traditional labour market …

in Economic and Monetary Union (EMU), net general government borrowing may not exceed 3% of GDP and general government …

Economic and Monetary Union (EMU) were met and the seventh pair saw the euro conversion rate be set at 200 escudos. The agreed …-oriented policy was maintained until EMU qualification but there were no other major reforms, rasing the threat of a "euro hold … on capital inflows at the beginning of first stage of EMU. Yet, the escudo-DMark rate, even allowing for the last …