31981R0638

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( 1 ) OJ NO L 1 , 1 . 1 . 1981 , P . 7 .

COUNCIL REGULATION ( EEC ) NO 638/81

OF 10 MARCH 1981

AMENDING REGULATION ( EEC ) NO 4/81 IN RESPECT OF THE INTERVENTION PRICE APPLICABLE IN GREECE IN THE OLIVE OIL SECTOR FOR THE 1980/81 MARKETING YEAR

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO THE 1979 ACT OF ACCESSION , AND IN PARTICULAR ARTICLE 72 ( 1 ) THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS , AS A RESULT OF A MISUNDERSTANDING AS TO THE METHOD FOR DETERMINING THE GREEN RATE FOR THE DRACHMA , THE COUNCIL , BY REGULATION ( EEC ) NO 4/81 ( 1 ), FIXED THE INTERVENTION PRICE FOR OLIVE OIL IN GREECE AT A LEVEL WHICH IS NOT SUFFICIENT TO ENSURE MAINTENANCE OF GREEK OLIVE GROWERS ' INCOMES ; WHEREAS , IN ORDER TO ALLEVIATE THIS DIFFICULTY , THE INTERVENTION PRICE APPLICABLE IN GREECE FOR THE 1980/81 MARKETING YEAR SHOULD BE ALTERED ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

IN THE FIRST SUBPARAGRAPH OF ARTICLE 1 OF REGULATION ( EEC ) NO 4/81 , THE FIGURE ' 167.70 ' IS HEREBY REPLACED BY THE FIGURE ' 170.80 ' .

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

IT SHALL APPLY FROM 1 JANUARY 1981 .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 10 MARCH 1981 .

FOR THE COUNCIL

THE PRESIDENT

G . BRAKS