Article 73f ( * )

( * ) Articles 73a to 73h as inserted by Article G( 15 ) TEU.

Where, in exceptional circumstances, movements of capital to or from third countries  cause, or threaten to cause, serious difficulties for the operation of economic and  monetary union, the Council, acting by a qualified majority on a proposal from the  Commission and after consulting the ECB, may take safeguard measures with regard  to third countries for a period not exceeding six months if such measures are strictly  necessary.

Article 73 g ( * )

( * ) Articles 73a to 73h as inserted by Article G ( 15 ) TEU.

1. If, in the cases envisaged in Article 228a, action by the Community is deemed  necessary, the Council may, in accordance with the procedure provided for in  Article 228a, take the necessary urgent measures on the movement of capital and on  payments as regards the third countries concerned.

2. Without prejudice to Article 224 and as long as the Council has not taken  measures pursuant to paragraph 1, a Member State may, for serious political reasons  and on grounds of urgency, take unilateral measures against a third country with  regard to capital movements and payments.The Commission and the other Member  States shall be informed of such measures by the date of their entry into force at the  latest.

The Council may, acting by a qualified majority on a proposal from the Commission,  decide that the Member State concerned shall amend or abolish such measures. The  President of the Council shall inform the European Parliament of any such decision  taken by the Council.

Article 73h ( * )

( * ) Articles 73a to 73h as inserted by Article G ( 15 ) TEU.

Until 1 January 1994, the following provisions shall be applicable:

1. Each Member State undertakes to authorize, in the currency of the Member State  in which the creditor or the beneficiary resides, any payments connected with  the movement of goods, services or capital, and any transfers of capital and  earnings, to the extent that the movement of goods, services, capital and persons  between Member States has been liberalized pursuant to this Treaty.

The Member States declare their readiness to undertake the liberalization of  payments beyond the extent provided in the preceding subparagraph, in so far as  their economic situation in general and the state of their balance of payments in  particular so permit.

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