# L_2010083EN.01001901.xml

| 30.3.2010 | EN | Official Journal of the European Union | L 83/19 |
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30.3.2010

EN

Official Journal of the European Union

L 83/19

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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. |
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(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. |
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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.

| (3) | Decision 2009/459/EC should therefore be amended accordingly, |
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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.’; |
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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.’. |
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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

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(1)  
  OJ L 53, 23.2.2002, p. 1.

1

(2)  
  OJ L 150, 13.6.2009, p. 6.

2

(3)  
  OJ L 150, 13.6.2009, p. 8.

3

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