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Document 02010D0183-20100330
Council Decision of 16 February 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania (2010/183/EU)
Consolidated text: Council Decision of 16 February 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania (2010/183/EU)
Council Decision of 16 February 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania (2010/183/EU)
2010D0183 — EN — 30.03.2010 — 000.001
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COUNCIL DECISION of 16 February 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania (OJ L 083 30.3.2010, p. 19) |
Corrected by:
COUNCIL DECISION
of 16 February 2010
amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania
(2010/183/EU)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States’ balances of payments ( 1 ) and in particular Article 5, second subparagraph, in conjunction with Article 8 thereof,
Having regard to the proposal from the Commission made after consulting the Economic and Financial Committee (EFC),
Whereas:|
(1) |
By Decision 2009/458/EC ( 2 ), the Council granted mutual assistance to Romania and by Decision 2009/459/EC ( 3 ), the Council provided medium-term financial assistance for Romania. |
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(2) |
The scope and intensity of the economic recession affecting Romania calls for a revision of the economic policy conditions foreseen for the disbursement of the instalments of the financial assistance with a view to taking into account the impact of the larger-than-expected contraction of real GDP. |
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(3) |
Decision 2009/459/EC should therefore be amended accordingly, |
HAS ADOPTED THIS DECISION:
Article 1
Decision 2009/459/EC is hereby amended as follows:
1. in Article 3(5), point (a) shall be replaced by the following:
‘(a) implementing a clearly set medium-term fiscal programme so as to bring the general government deficit below the Treaty reference value of 3 % of GDP with a time-frame and a consolidation path which are consistent with the Council recommendations to Romania adopted under the excessive deficit procedure.’;
2. in Article 3(5), point (b) shall be replaced by the following:
‘(b) adopting and implementing annual budgets for 2010 and beyond, consistent with the consolidation path set out in the Supplemental Memorandum of Understanding.’.
Article 2
This Decision shall take effect on the day of its notification.
Article 3
This Decision is addressed to Romania.
Article 4
This Decision shall be published in the Official Journal of the European Union.
( 1 ) OJ L 53, 23.2.2002, p. 1.
( 2 ) OJ L 150, 13.6.2009, p. 6.
( 3 ) OJ L 150, 13.6.2009, p. 8.