At the start of the second stage, a European Monetary Institute (hereinafter referred to as ‘EMI’) shall be established and take up its duties; it shall have legal personality and be directed and managed by a Council, consisting of a President and the Governors of the national central banks, one of whom shall be Vice-President.
Ag tús an dara céim, bunófar Institiúid Eorpach Airgeadaíochta (dá ngairtear ‘IEA’ an seo feasta) agus rachaidh sí i mbun a dualgas; beidh aici pearsantacht dhlítheanach agus déanfaidh Comhairle ar a mbeidh Uachtarán agus Gobharnóirí na mbanc ceannais náisiúnta, arb é duine amháin acu sin an Leasuachtarán, í a stiúradh agus a bhainisteoireacht.