Harvard Law School Jean Monnet Chair


Hirst, Paul and Thompson, Grahame



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Hirst, Paul and Thompson, Grahame (1996), p. 156.

3 As stated by the ECJ, as soon as this requirement ceases to be met the process of integration envisaged by the Treaty will be retarded or prejudiced. Case Schluter v. Hauptzollamt Lörrach, p. 1661.

4 Or the abbreviation ESCB used for the European System of Central Banks as no distinction is here made between these two. Therefore the terms “the ECB or “the Bank” are used to cover both.

5 Art. 106 EC: ‘The ECB shall have the exclusive right to authorise the issue of banknotes within the Community.’
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