DECISION TAKEN BY COMMON ACCORD BY THE GOVERNMENTS OF THE MEMBER STATES OF THE EUROPEAN COMMUNITY AT THE LEVEL OF HEADS OF STATE OR GOVERNMENT of 13 December 1996 appointing the President of the European Monetary Institute (96/735/EC)

THE HEADS OF STATE OR GOVERNMENT OF THE MEMBER STATES OF THE EUROPEAN COMMUNITY,

Having regard to the Treaty establishing the European Community, and in particular Article 109f (1), second subparagraph thereof, and to Article 9.3 of the Protocol on the Statute of the European Monetary Institute,

Having regard to the recommendation of the Council of the European Monetary Institute,

Having regard to the opinion of the European Parliament,

Having regard to the opinion of the Council,

HAVE DECIDED AS FOLLOWS:

Sole Article

Mr Willem Frederik DUISENBERG is hereby appointed President of the European Monetary Institute as from 1 July 1997 until the date the European Central Bank is established, in accordance with Article 23.7 of the Protocol on the Statute of the European Monetary Institute.

Done at Dublin, 13 December 1996.

The President

J. BRUTON