Agreement signed by the heads of state and government in December 2007 and further developing the EU, which entered into force on December 1, 2009 after ratification by the 27 participating states, thus replacing the last valid Treaty of Nice. – Cf. ECB Monthly Report December 2007, pp. 89 ff. (commentary on the changes affecting monetary union), ECB Annual Report 2007, pp. 179 ff. (appointment of the members of the Executive Board of the ECB now requires a three-quarters majority of the Ecofin Council), Deutsche Bundesbank Monthly Report March 2010, pp. 45 ff. (explanation of the most important changes compared with the Treaty of Nice with regard to the economy and currency).
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