ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(80)691
Vol.1980/0219

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COMMISSION OFTHEEUROPEAN COMMUNITIES
<.
COM(80)691final.
Brussels,12November1980
>, Proposalfora
COUNCILREGULATION (EEC)
compensating Greeceforitscontribution tothecostofthefinancial
mechanism andthesupplementary measuresfortheUnitedKingdom
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(submittedto-theCouncilbytheCommission)
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C0M(80)691final.

Explanatory Memorandum
On23September1980theCouncil(Budget)endorsedtheagreementreached
bythe'CouncilofMinisters(ForeignMinisters)meetingon29and30May
thatpaymentsbemadetotheUnitedKingdomsoastoreduceitsnet
contribution tothe1981CommunityBudget*Paragraph4oftheConclusions
oftheC®uncilspecifiesthatthecostshallbebornebytheothereight
MemberStates.ItisthereforenecessarytocompensateGreeceforitscon­
-.1tributiontothisexpenditure ,whichisenteredintheDraft.Budgetfor
19H1.
.<-
Article127oftheActofAccessionof28May1979alreadyprovidesforpart
oftheGreekcontributiontoberefunded(70$in1981,50$in1982,etc.).
Alegalbasiamustnot*beproducedfortheadditionalrepayments.The
Commission )therefore,proposesthe.follpwingRegulation.

-2-
PROPOSAL FORA
COUNCILREGULATION (EEC)
compensating Greeceforitscontribution tothecostofthefinancial
mechanismandthesupplementary measuresfortheUnitedKingdom
THECOUNCILOFTHEEUROPEANCOMMUNITIES;
HavingregardtotheTreatyestablishing the.EuropeanEconomicCommunity,
andinparticularArticle235thereof;
HavingregardtotheproposalfromtheCommission ;
HavingregardtotheopinionoftheEuropeanParliament; f
HavingregardtotheopinionoftheCourtofAuditors; i
1. ... 2. !Whereas,underCouncilRegulation (EEC)No2744/80and(EEC)No2743/80, i
' ι
Communitybudgetfundsaretobespentprovisionally onassistingthe
UnitedKingdomeconomywithaviewtopromotingtheconvergenceof ;
MemberStates*economies ;
VlhereastheGreekeconomyshouldnotberequiredtobearanyofthecost
oftheprovisionalmeasuresinrespectof1980toassisttheUnitedKing– j
domeconomy;whereastheHellenicRepublicshouldthereforereceivea j
repaymentcorresponding totheincreaseinits1981Budgetcontribution
tofinancethemeasuresinfavouroftheUnitedKingdominrespectof |
1980; _ I
. - ." i
..' 1
HASADOPTEDTHISREGULATION: j
I
i
■
Article1 •- j
TheHellenicRepublicshallreceivetheadditionalrefundsnecvja^aryto
compensateitfortheadditionalfinancialburdenfallinguponitasaresultof
thepaymentstobemadetotheUnitedKingdomfromthe1981Budgetin
respectofmeasurestakenin1980underRegulation (EEC)No2744/80and
(EEC)No2743/80.
0JNoL
20JNoL
9

-3-
Χ
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y
\
Article 2
The refunds specified inArticle 1shall bemade provided that parents are
made totheUnited Kingdom from the1981 Budget under Regulations (EEC )No
2744 /80and (EEC )No2743 /80.
Article 3
During the first month after theendofeach quarter theCommission shall
calculate ,inthe Greece oftheimplementation oftheI98I Budget ,the
amount oftherefunds due totheHellenic Republic from thebudget and shall
make the corresponding payments .
Article 4
This Regulation shall enter into force on1January 1981 •
'Itiis Regulation shall bebinding initsentirety anddirectly applicable
inall Member States .

Financial Statement
AssumingthattheUKnetcontributionin1900willbe17&4mKUA,the
patienttoGreecefromthe1981BudgetasaresultofthisRegulation
willbe7*1niKUA.Thisfigureisexplainedinparagraph5*1ofthe
Introduction toVolume7AofthePreliminaryDraft'Budgetfor198l»