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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

    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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