ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (75)605
Vol.1975/0232

Disclaimer
Conformément aurèglement (CEE, Euratom) n°354/83 duConseil du1erfévrier 1983
concernant l'ouverture aupublic desarchives historiques delaCommunauté économique
européenne etdelaCommunauté européenne del'énergie atomique (JOL43du15.2.1983,
p.1),telquemodifié par lerèglement (CE, Euratom) n°1700/2003 du22septembre 2003
(JOL243du27.9.2003, p.1),cedossier estouvert aupublic. Lecaséchéant, lesdocuments
classifiés présents dans cedossier ontétédéclassifiés conformément àl'article 5dudit
règlement.
Inaccordance with Council Regulation (EEC, Euratom) No354/83 of1February 1983
concerning theopening tothepublic ofthehistorical archives oftheEuropean Economic
Community andtheEuropean Atomic Energy Community (OJL43,15.2.1983, p.1),as
amended byRegulation (EC, Euratom) No1700/2003 of22September 2003 (OJL243,
27.9.2003, p.1),this fileisopen tothepublic. Where necessary, classified documents inthis
filehave been declassified inconformity with Article 5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung (EWG, Euratom) Nr.354/83 desRates vom 1.
Februar 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI. L43vom 15.2.1983,
S.1),geändert durch dieVerordnung (EG, Euratom) Nr.1700/2003 vom 22.September 2003
(ABI. L243vom 27.9.2003, S.1),istdiese Datei derÖffentlichkeit zugänglich. Soweit
erforderlich, wurden dieVerschlusssachen indieser Datei inÜbereinstimmung mitArtikel 5
dergenannten Verordnung freigegeben.

COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(75)605 final.
x Brussels.28November1975
Proposalfora
DECISIONOFTHECOUNCIL
renewingthemachineryformedium-termfinancialassistance
/
(submitted ,totheCouncilbytheCommission)
COM(75)605final

4
EXPLANATORY MEMORANDUM
Article1oftheCouncil'sdecision7v-'-43/EECof22nd.March1971
concerningsettingupmachineryformedium-termfinancialassistance
makesprovisioninparagraph2forthismachinery,whichhasaninitialva/-
lidityoffouryearsfrom1stJanuary1976»"tobeautomatically renewed
everyfiveyearsifagreementisreachedonthetransitiontothesecond
stageoftheplanforeconomioandmonetaryunion.However,Councildebates
ontheBubjeotofthistransitionattheendof1973reachednoformalcon­
clusions *
Takingthisintoaccount,andsoastoavoidanyuncertainty about
thecontinuedvalidityofthemachineryformedium-termfinancialaidfrom
1stJanuary'1976»"theCommission,followingafavourableopinionfromthe
MonetaryCommittee,proposesthattheCouncildecides,before31»12.1975,to
increasetheperiodofinitialvalidityforthemachineryfromfourtoeight
years.

DRAFTDECISION
RENEWING THEMACHINERY FORMEDIUM-TERM FINANCIAL ASSISTANCE
THECOUNCILOFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropeanEconomic
Community,andinparticularArticles103and108thereof;
HavingregardtotheproposalfromtheCommission;
whereasArticlel(2)ofCouncilDecisionNo7l/l43/EEC^of
22March1971settingupmachineryformediumtermfinancial
assistanceprovidesthatthismachinery,whichisinitialyvalid
■forfouryearsfrom1January1972,shall "beautomatically renewed
everyfiveyearsifagreementisreachedonthetransitiontothe
secondstageoftheplanforeconomicandmonetaryunion,and
providedthatoneormoreMemberStatesdonotobject;
whereasthemachineryformedium-termfinancialassistanceavoids
theneedforrecourse ^tothesafeguardclausesofthesaidTreaty;
whereasthereasonsforsettingupthismachineryarestillvalid,
andaxeinfaotnowstrongerbyreasonofthefactthattheproblems
ofthebalanceofpaymentshavebecomemoreacute;
whereasthereforetheinitialperiodofthemachineryformedium-
termfinancialassistanceshouldbeincreasedfromfourtoeight
years;
f1'OJNoL73,27.3.1971,p.15.

fusàsoptedthïsimmias >
Article1
InArticle1(2)ofCounoilDecisionNo71/143/EECof
22March1971for"aperiodoffouryearscommencing' 1January1972"
readnaperiodofeightyearscommencing 1JanuaryI972n*
Artide2
ThisDecisionisaddressedtotheMemberStates*
DoneatBrussels,the PortheCounoil
ThePresident