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COM ( 84) 679 
 
 
 
Vol. 1984/0 248 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this f ile is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 198 3 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom 27 .9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General  SecretariatC O M(84) 679 fin a l 
Brussels, 29 november 1984
FOR OFFICIAL U SE  ONLY
P R O P O S A L F O R  A  COUNCIL DECISION
concerning the extension of the machinery fo r medium-term fin a n c ia l assistance  
(Presented by the Commission to the Council)
C O M(84) 679 fin a l

EXPLAN ATO R Y M E M O R A N D U M
A rtic le  1  (2) of Decision 71/143/EEC of 22 March 1971 setting up 
machinery fo r medium-term fin a n c ia l assistance, as last amended by 
Decision 80/1264/EEC of 15 December 1980 and last renewed by Decision 
82/871/EEC of 28 December 1982, provides that the ob lig a tio n  resultin g 
from the machinery sh a ll apply u n t il . 31 December 1984, unless the d e fi­
n itiv e  phase of the EM S, involving the consolidation of a ll Community 
lending schemes, is set up before that date.
As no d e fin ite  date has yet been fixed fo r moving on to the fin a l 
stage in the development of the EM S, the Commission proposes that at its  
meeting of December 1984, the Council should decide to extend the v a lid ity  
of the machinery fo r a  fu rth e r two years u n til 31 December 1986, or u n til 
the d e fin itiv e  phase of the E M S  is  set up, whichever is e a rlie r.

P R O P O S A L  F O R  A  C O U N C IL  D EC ISIO N  
concerning the extension of the machinery for medium-term
financial assistance
T H E  C O U N C IL  O F  T H E  E U R O P E A N  C O M M U N ITIE S ,
Having regard to the Treaty establishing the European Economic Community, 
and in particular Articles 103 and 108 thereof,
Having regard to the proposal from the Commission, submitted after consul­
tation with the Monetary Committee,
Whereas, by Decision 71/143/EEC (1), as last am ended by Decision 80/1264/EEC (2), 
the Council set up machinery for medium-term financial assistance valid for 
an in itia l period of four years from 1  January 1972 ;
W hereas this machinery has been regularly renewed, and extended, on the last 
occasion, for two years u n til 3 1  December 1984 by Decision 82/871/E E C  (3) ;
W hereas it  is appropriate that the M em ber States obligations remain in force 
u n til the defin itive stage of the European monetary system is established,
H A S  A D O P T E D  THIS D ECISIO N :
Article 1
Article 1  (2) of Decision 71/143/EEC shall be replaced by the following :
" 2  This obligation shall apply u n til 3 1  Decem ber 1986, unless the definitive 
phase of the E M S  is set up before this date."
A rticle 2
This Decision is addressed to the M em ber States.
D one at Brussels,
For the Counci l 
T he President
(1) 0J N ° L  73, 27.3.1971, p. 15
(2) 0J N ° L  375, 31.12.1980, p. 16
(3) 0J N ° L  368, 28.12.1982, p. 43