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Council Regulation (EC) No 1103/97 of 17 June 1997 on certain provisions relating to the introduction of the euro article 2 CELEX: 01997R1103-20010101 1. Every reference in a legal instrument to the ECU, as referred to in Article 109g of the Treaty and as defined in Regulation (EC) No 3320/94, shall be replaced by a reference to the euro at a rate of one euro to one ECU. References in a legal instrument to the ECU without such a definition shall be presumed, such presumption being rebuttable taking into account the intentions of the parties, to be references to the ECU as referred to in Article 109g of the Treaty and as defined in Regulation (EC) No 3320/94. 2. Regulation (EC) No 3320/94 is hereby repealed. 3. This Article shall apply as from 1 January 1999 in accordance with the decision pursuant to Article 109j (4) of the Treaty. |