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DOCUMENTS "COM"
COM(81)99
Vol.1981/0028

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«
COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(81)99final
Brussels,6thMarch1981
PROPOSAL FORACOUNCILREGULATION (EEC)
amendingRegulation (EEC)N°4/81inrespectoftheintervention
priceapplicable inGreeceintheoliveoilsectorforthe1980/81
marketingyear
(presented bytheCommission totheCouncil)
A•/'r<-
Hwj'.'t.''-
tø -
C0M(81>99final

EXPLANATORY MEMORANDUM
ThisdraftRegulationisintendedtorectifytheintervention priceforolive
oilin6reeceforthe1980/81marketingyear,apricewhich,followingamisunder
standingontheagricultural representative ratefortheDrachmatobeusedfrom
the1stJanuary1981,wasoriginallyfixedatalevelinsufficient topermit
Greekoliveproducerstoreceive,afterAccession,anincomeequivalent tothat
previouslyreceived*

proposal for
COUNCIL REGULATION (EEC )
amending Regulation (EEC )N°4/81inrespect oftheintervention price
applicable inGreece intheolive oilsector forthe1980/81marketing year
THE COUNCIL OFTHE EUROPEAN COiMMUNITIES ,
Having regard tothe Treaty establishing the European Economic Community ,
Having regard tothe Act 6fAccession ofGreece ,and inparticular
Article 72(1 )thereof ,
Having regard tothe proposal from the Commission ,
Whereas ,asaresult ofamisunderstanding astothe method for determining
thegreen rate fortheDrachma ,theCouncil ,byRegulation (EEC )N°4/81
1of 1January 1981 ,fixed theintervention price forolive oilinGreece
atalevel which i"snot sufficient toensure maintenance ofGreek olive
growers' incomes ;whereas ,inorder toremedy this difficulty ,the
intervention price applicable inGreece forthe 1980/81marketing year
should bealtered ,
HAS ADOPTED THIS REGULATION s
OJN°L1,1.1.1981 ,p.7

II
I-2-1
_ . Article 1
Inthefirst subparagraph ofArticle 1ofRegulation (EEC )N#^/81,the
figure 167 .70ishereby replaced bythefigure 170.80 .
1
Article 2 ,
This Regulation shall enter into force onthe day ofitspublication in
theOfficial Journal oftheEuropean Communities .
This Regulation shall bebinding initsentirety anddirectly applicable
inall Member States .
Done atBrussels . For the Council :