$Unique_ID{bob00192}
$Pretitle{}
$Title{Unified Germany
Monetary Union Treaty}
$Subtitle{}
$Author{Press and Information Office}
$Affiliation{German Embassy, Washington DC}
$Subject{republic
social
unity
democratic
german
union

}
$Date{1990}
$Log{}
Title:       Unified Germany
Book:        The Unity of Germany and Peace in Europe
Author:      Press and Information Office
Affiliation: German Embassy, Washington DC
Date:        1990

Monetary Union Treaty

of 18 May 1990 between the Federal Republic of Germany and the German
Democratic Republic establishing a Monetary, Economic and Social Union

THE HIGH CONTRACTING PARTIES,

     Owing to the fact that a peaceful and democratic revolution took place
in the German Democratic Republic in the autumn of 1989,

     Resolved to achieve in freedom as soon as possible the unity of
Germany within a European peace order,

     Intending to introduce the social market economy in the German
Democratic Republic as the basis for further economic and social
development, with social compensation and social safeguards and
responsibility towards the environment, and thereby constantly to improve
the living and working conditions of its population,

     Proceeding from the mutual desire to take an initial significant step
through the establishment of a monetary, economic and social union
towards national unity in accordance with Article 23 of the Basic Law of
the Federal Republic of Germany as a contribution to European
unification, taking into account that the external aspects of
establishing unity are the subject of negotiations with the Governments of
the French Republic, the Union of Soviet Socialist Republics, the United
Kingdom of Great Britain and Northern Ireland and the United States of
America,

     Recognizing that the establishment of national unity is accompanied by
the development of federal structures in the German Democratic Republic,

     Realizing that the provisions of this Treaty are intended to safeguard
the application of European Community law following the establishment of
national unity.

     Have agreed to conclude a Treaty establishing a Monetary, Economic and
Social Union, containing the following provisions.