First , the evidence of the period 1990 to 1997 is reviewed from a backward looking BOX 1 perspective

As regards price developments , the Treaty provisions and their application by the ECB are outlined in Box 1 .

The application of index figures reflecting market prices could be used as a proxy for estimates .

youngest central banks .

Some noble gases have direct application in medicine.

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exchange rates and long term interest rates , as well as other factors . A number of general rules are used in the application of these criteria 1 .

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It will allow the Lamfalussy process to continue to play an important role in facilitating and speeding up financial integration in the EU ( see also Chapter 4 ) . however , concerned the monetary sphere .

Developments in import prices implied increasing price pressures in the euro area . Oil prices rose almost continuously .

This has established an environment of price stability in the euro area , exerting a moderating influence on price and wage setting .

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Peers are equally privileged, equipotent participants in the application.

Uses The main industrial use of nitric acid is for the production of fertilizers.

Such an approach would encourage flexibility regarding the implementation of the provisions on the phasing out period and limit it to the domestic level .

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And actually, it's the model that we expect to work for delivering anesthesia in these environments.

As discussed in Section 3.2 , exchange rate movements have a direct effect on price developments through their impact on import prices .

It brings together the Heads of State or Government of the Member States and the President of the European Commission ( see also EU Council ) .

Further progress with regard to the implementation of the regulatory reforms in the telecommunications sector , together with the creation of single European electricity and gas markets with cross border competition , should result in further price falls and , in the coming years , may reduce the substantial price differences across Member States which exist at present .

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Estimation of purchasing power parity is complicated by the fact that countries do not simply differ in a uniform price level rather, the difference in food prices may be greater than the difference in housing prices, while also less than the difference in entertainment prices.

In all these fora , work is under way to implement the recommendations and step up multilateral co operation .

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In particular , enhancing competition in the services sectors and network industries , as well as applying adequate measures in the EU agricultural market , would be conducive to price stability in the euro area .