Five major events have occurred since the previous review of the facil­ity: the granting of a loan to Italy in 1993; the accession of three new Member States; the wid­ening of the compulsory marginal intervention thresholds within the ERM; the progress achieved with regard to convergence and market integration; and, lastly, confirmation by the Flo­rence European Council of the decision to launch the third stage of economic and monetary union on 1 January 1999, as a result of which Article 109h of the EC Treaty will continue to apply until the end of 1998.
Οικονομική και νομισματική πολιτική στην Ιταλία — EE L 22 της 30.1.1993 και Δελτίο 1/2-1993. σημείο 1.2.43 Συμπεράσματα του Ευρωπαϊκού Συμβου­λίου της Φλωρεντίας — Δελτίο 6-1996. σημείο 1.4 Προηγούμενη έκθεση: Δελτίο 11-1992. σημείο 1.3.3