The ECB 's competence to deliver an opinion is based on Article 105 ( 4 ) , first indent , of the Treaty establishing the European Community ( hereinafter referred to as  the Treaty ) . In accordance with Article 17 ( 5 ) , first sentence , of the Rules of Procedure of the ECB , this ECB opinion has been adopted by the Governing Council of the ECB .
4 . Ç ÅÊÔ óçìåéþíåé åðßóçò üôé êßíçôñá ãéá ôçí áíÜðôõîç ôçò ´ ´ ôñÝ ÷ ïõóáò ðñùôïâïõëßáò ñõèìéóôéêïõ ÷ áñáêôÞñá áðïôåëïõí ´ ´ ç áðïõóßá óáöïõò íïìéêïõ ðëáéóßïõ ãéá ôçí Ýêäïóç çëåêôñï ´ íéêïõ ÷ ñÞìáôïò åíôüò ôçò ÅõñùðáúêÞò ¸ íùóçò , êáèþò êáé ç ´ áíçóõ ÷ ßá üôé ç Ýêäïóç çëåêôñïíéêïõ ÷ ñÞìáôïò ÷ ùñßò ôçí ´ ´ ´ ðáñÝìâáóç ôñáðåæéêïõ éäñõìáôïò èá ìðïñïõóå , óå áíôßèåôç ðåñßðôùóç , íá äéåîÜãåôáé óå ìç ñõèìéæüìåíç âÜóç .