31980D1264

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( 1 ) OJ NO L 73 , 27 . 3 . 1971 , P . 15 .

( 2 ) OJ NO L 379 , 30 . 12 . 1978 , P . 3 .

COUNCIL DECISION OF 15 DECEMBER 1980 AMENDING DECISION 71/143/EEC SETTING UP MACHINERY FOR MEDIUM-TERM FINANCIAL ASSISTANCE ( 80/1264/EEC )

THE COUNCIL OF THE EUROPEAN COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , AND IN PARTICULAR ARTICLES 103 AND 108 THEREOF ,

HAVING REGARD TO THE 1979 ACT OF ACCESSION ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS , BY DECISION 71/143/EEC ( 1 ) , AS LAST AMENDED BY DECISION 78/1041/EEC ( 2 ) , THE COUNCIL SET UP MACHINERY FOR MEDIUM-TERM FINANCIAL ASSISTANCE VALID FOR AN INITIAL PERIOD OF FOUR YEARS , FROM 1 JANUARY 1972 , LATER EXTENDED TO 31 DECEMBER 1980 ;

WHEREAS IT IS APPROPRIATE THAT THE MEMBER STATES' OBLIGATIONS REMAIN IN FORCE UNTIL THE DEFINITIVE STAGE OF THE EUROPEAN MONETARY SYSTEM IS ESTABLISHED ;

WHEREAS THE COMMITMENT CEILINGS PROVIDED FOR IN ARTICLE 1 ( 1 ) OF DECISION 71/143/EEC ARE AMENDED BY THE 1979 ACT OF ACCESSION AND IT IS THEREFORE OPPORTUNE TO REPRODUCE IN THIS DECISION THE TEXT OF THE ANNEX APPEARING IN ANNEX I , CHAPTER VII , POINT 2 OF THE 1979 ACT OF ACCESSION ,

HAS ADOPTED THIS DECISION :

ARTICLE 1

DECISION 71/143/EEC IS HEREBY AMENDED AS FOLLOWS :

1 . ARTICLE 1 ( 2 ) SHALL BE REPLACED BY THE FOLLOWING :

" 2 . THIS OBLIGATION SHALL APPLY UNTIL 31 DECEMBER 1982 , UNLESS THE DEFINITIVE PHASE OF THE EUROPEAN MONETARY SYSTEM IS SET UP BEFORE THIS DATE . "

2 . THE ANNEX SHALL BE REPLACED BY THE FOLLOWING :

" ANNEX

MILLION ECU PERCENTAGE

BELGIUM 1 000 6.96

DENMARK 465 3.24

GERMANY 3 105 21.61

GREECE 270 1.88

FRANCE 3 105 21.61

IRELAND 180 1.25

ITALY 2 070 14.40

LUXEMBOURG 35 0.24

NETHERLANDS 1 035 7.20

UNITED KINGDOM 3 105 21.61

TOTAL 14 370 100.00 "

ARTICLE 2

THIS DECISION IS ADDRESSED TO THE MEMBER STATES .

DONE AT BRUSSELS , 15 DECEMBER 1980 .

FOR THE COUNCIL

THE PRESIDENT

J . SANTER