Member State with a derogation

A Member State that is, as set out in Article 140 TFEU, preparing to adopt the euro, but has not yet done so. There are currently 8 Member States with this status: rights and obligations relating to the introduction of the euro as a single currency do not apply to them. The cases of Denmark and the United Kingdom are different in that these two Member States have been granted an exemption from participating in the third stage of Economic and Monetary Union. (European Central Bank)

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Automatic linking

Internal settlement

Other revaluations

Economic Burden

Refers to the costs required to deal with a specific situation (e.g., disease burden).

Repurchase operation

ESCB