Article 1 
The Member States, the Commission and the European Central Bank shall each appoint two members of the Economic and Financial Committee. They may also appoint two alternate members of the Committee.
Article 2 
The members of the Committee and the alternates shall be selected from among experts possessing outstanding competence in the economic and financial field.
Article 3 
The two members appointed by the Member States shall be selected respectively from among senior officials from the administration and the national central bank. The alternates shall be selected under the same conditions.
Article 4 
This Decision shall be published in the Official Journal of the European Communities . It shall take effect as from 1 January 1999. Done at Brussels, 21 December 1998. For the Council The President M. BARTENSTEIN Done at Brussels, 21 December 1998. For the Council The President M. BARTENSTEIN For the Council The President M. BARTENSTEIN