Council Regulation (EC, ECSC, Euratom) No 2458/98 of 12 November 1998 amending Regulation (EEC, Euratom, ECSC) No 259/68 laying down the Staff Regulations of officials and the conditions of employment of other servants of the European Communities and the other Regulations applicable to them with regard to the establishment of remuneration, pensions and other financial entitlements in euros

COUNCIL REGULATION (EC, ECSC, EURATOM) No 2458/98 of 12 November 1998 amending Regulation (EEC, Euratom, ECSC) No 259/68 laying down the Staff Regulations of officials and the conditions of employment of other servants of the European Communities and the other Regulations applicable to them with regard to the establishment of remuneration, pensions and other financial entitlements in euros
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing a single Council and a single Commission of the European Communities, and in particular Article 24(1) thereof,
Having regard to the proposal from the Commission, submitted following the opinion of the Staff Regulations Committee (1),
Having regard to the opinion of the European Parliament (2),
Having regard to the opinion of the Court of Justice (3),
Having regard to the opinion of the Court of Auditors (4),
Whereas the euro will be the currency of the Member States adopting the euro as from 1 January 1999 (5); whereas the monetary unit is the euro; whereas one euro will be divided into one hundred cents; whereas for a transitional period the euro will also be divided into national currency units (6);
Whereas, in the Member States which have adopted the euro, the remuneration, pensions and other financial entitlements of officials and other servants of the Communities should be established in euros as from 1 January 1999;
Whereas the purchasing power of these financial entitlements must not be affected by this amending Regulation;
Whereas it is accordingly necessary to amend Regulation (EEC, Euratom, ECSC) No 259/68 (7),