Where, in exceptional circumstances, capital movements to or from third countries cause or threaten to cause serious difficulties in the functioning of economic and monetary union, the Council, on a proposal from the Commission and after consulting third countries, may take safeguard measures in respect of third countries for a maximum period of six months, where such measures are strictly necessary. Determined to lay the foundations for an ever closer union between the peoples of Europe, the European Parliament must deliver its opinion within a time limit set by the Council according to the urgency of the matter. If there is no opinion within that period, the Council may adopt a decision on them. Parliament`s approval (i.e. approval) should not be overlooked; This is not an agreed upon thing at all. Without prejudice to the competence of the Union and the Union`s agreements in the field of economic and monetary union, Member States may negotiate and conclude international agreements in international for a. In the context of the establishment and functioning of the internal market, the European Parliament and the Council shall establish, in accordance with the ordinary legislative procedure, measures to create European intellectual property rights in order to ensure uniform protection of intellectual property rights throughout the Union and to establish a centralised authorisation at Union level – coordination and supervisory agreements. Association status can take many forms. Indeed, over the years, the EU and its predecessors have concluded numerous association agreements, especially with European countries. There is the European Economic Area, in which Iceland, Liechtenstein and Norway participate, for example. Or there is the customs union between Turkey and the EU. The agreements with the Western Balkan countries are association agreements and association agreements have also been concluded with Ukraine, Moldova and Georgia.

The Commission shall be assisted in this task by a committee chaired by a member of the Commission, composed of representatives of governments, trade unions and employers` organisations. Without prejudice to Article 114, the Council shall unanimously adopt, in accordance with a special legislative procedure and after consulting the European Parliament and the Economic and Social Committee, Directives on the approximation of the laws, regulations and administrative provisions of the Member States having a direct impact on the establishment or functioning of the internal market. In order to promote the coordination of the policies of the Member States to the extent necessary for the functioning of the internal market, an Economic and Financial Committee is hereby established. In order to preserve the place of the euro in the international monetary system, the Council, on a proposal from the Commission, shall adopt a Decision establishing common positions on matters of particular interest to economic and monetary union within the competent international financial institutions and conferences. The Council shall act after consulting the European Central Bank. . . . .

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