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Document 32010D0183

    2010/183/: Council Decision of 16 March 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania

    IO L 83, 30.3.2010, p. 19–19 (BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    Legal status of the document In force

    ELI: http://data.europa.eu/eli/dec/2010/183/oj

    Date of document:
    16/02/2010
    Date of effect:
    18/02/2010; Tagann i bhfeidhm Dáta fógartha Féach Airt. 2
    Date of notification:
    18/02/2010
    Date of end of validity:
    No end date
    Author:
    Comhairle an Aontais Eorpaigh
    Form:
    Cinneadh
    Addressee:
    An Rómáin
    Additional information:
    NLE 2010/0034
    Treaty:
    An Conradh ar Fheidhmiú an Aontais Eorpaigh
    Legal basis:
    Proposal:
    Link
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    Modifies:
    Relation Act Comment Subdivision concerned From To
    Modifies 32009D0459 Athchur airteagal 3.5 PT B) DATEFF
    Modifies 32009D0459 Athchur airteagal 3.5 PT A) DATEFF
    Modified by:
    Relation Act Comment Subdivision concerned From To
    Corrected by 32010D0183R(01) (BG, CS, DA, DE, EL, EN, ES, ET, FI, FR, HU, IT, LT, LV, MT, NL, PL, PT, RO, SK, SL, SV)
    Instruments cited:
    Link

    30.3.2010   

    EN

    Official Journal of the European Union

    L 83/19

    COUNCIL DECISION

    of 16 March 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.

    (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.

    (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.

    Done at Brussels, 16 March 2010.

    For the Council

    The President

    E. SALGADO

    (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.

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