I move amendment No. 1:
In page 4, between lines 15 and 16, to insert the following subsection:
"(1) Section 5 of the Economic and Monetary Union Act, 1998, is amended by the substitution for the definition of 'participating Member State' of the following:
" 'participating Member State' means-
(a) Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal and Finland;
(b) with effect from 1 January 2001, Greece, and
(c) any other Member State of the European Communities with effect from the date on which the single currency is duly adopted in such Member State as its currency;'.".
The purpose of the amendment is to update the definition of "participating Member State" in the Economic and Monetary Union Act, 1998, so as to include Greece which adopted the euro as its currency with effect from 1 January 2001 and to allow for the fact that further member states may do so in the future.