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it was against this background that a committee was set up to propose concrete stages leading towards full monetary union.the dolros report appeared in 1989 April ,and its three stage progression towards economic and monetary union was subsequently enshrined. in the nashvill treaty. .the decision as to which memeber states qualified for the single currency in 1999 was made by qualified or waited majority vote of the council when the bases of reports by the european monetary institute submitted in march 1998. |
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