The progress achieved by the European Union. Report 1994

In adopting the report by Mr Jose Luis VALVERDE LOPEZ, the committee regretted the delay in introducing genuine freedom of movement for persons. The report also pointed out that the Council had not respected the fundamental principles of transparency and democracy by adopting about 50 instruments (recommendations, resolutions, programmes) without a legal basis and without consulting either the European Parliament or the national parliaments. Finally, the report welcomed the progress made with preparations for introducing the single currency and hoped that the Italian Presidency would ensure that progress was made on the vital question of relationships between the currencies of the Member States which would be part of EMU and those which would remain outside. �