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DOCUMENTS "COM"
COM(80)249
Vol.1980/0077

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(80)249 final
Brussels ,6thMay1980
PROPOSAL FOR ACOUNCIL REGULATION (EEC )
AMENDING ,WITH RESPECT TOTHE FRENCH FRANC ,
REGULATION (EEC )N°878 /77ONTHE EXCHANGE
RATES TOBEAPPLIED INAGRICULTURE
(presented bytheCommission totheCouncil )
ta
Wi <■ ' 1*1
C0M(80 )249 final

EXPLANATORY MEI-DRANHUI«I
TheFrencharidItalian Governments haveaskedfortheirrepresentative
ratestobedevalued .
X.
Sincedevaluation ofarepresentative ratemaynottalceitbelowthe
centralrate,theCommission proposes "fixingtherepresentative rates
atthesamelevelasthecentralrates.
Thechangewilltalceeffectfrom12Mayfortherailkandbeefandveal
sectorsandforpi^eatandatthebeginning ofthe19C0-S1marketing years
fortheothersectors.
Thefinancial implications areshownintheannexedtables.

I
ICurrency
I
I».corenentative ratc3
l
Devaluation i
(Vi)
I
I
Ix/ffect3
présent future on..CAz
reduction
(pointe)onpricjo
incrcr.cc
(Λ
J
LIT
vp
!ï100-0,0
■ECU
1ECUmLIT
1.117,00
1F?-0,173343
ECU
1ECU.-5,7^C9l
FFLIT100-0,0003714
ECU
1ECU-LIT
1.157,79
1F?-"'0,171023
ECU
1ECU-5,047OO
FFI
3,523
1,336I
-2.6 1
nil+1,052
t
I
+1,354 I
!LIT
piTreat■LIT100=0,0942746
| ECU
{1ECU=LIT
I 1,060,73LIT100=0,0863714
ECU
1ECU=LIT
1,157,79!
8,393 "8,1 +9,150

PROPOSAL
COUNCIL REGULATION (EEC) .
amending ,withrespecttothefrenchfranc-,Regulation (EEC)N°"78/77on
theexchargerates -tobeappliedinagriculture .
THE-COUNCIL OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean Economic Community /
HavingregardtoCouncilRegulations N°129onthevalueoftheunitof
account andtheexchange ratestobeappliedforthepurposeofthecommon
agriculture policy (1),ascostamended byRegulation (EEC)N°2543/73(2),
stndinparticular Article 3thereof , .
Havingregardtotheproposals fromtheCommission ,
WhereasCouncilRegulation (EEC)N°878/7?ontheexchangeratestobe
appliedinagriculture (3),aslastamended byRegulation '
(EEC)N°779/80(4),fixedrepresentative ratesinteraliafortheFrench
franc;whereasitappearsadvisable tofixinrespectofthatcurrency a
newrepresentative rate,morecloselyreflecting present economicreality ;
Whereasitisnecessary toprovidefortheimmediate entryintoeffectof
thatnewrepresentative rate,whileatthesametimetakingaccountofthe
special needsinsomesectors ;
VJherastheMonetary Committee willbeconsulted andwherasinviewofthe
urgencyinvolved ,themeasures envisaged shouldbeadoptedinaccordance /
withtheconditions laiddown .inArticle3(2)ofRegulation N°129,
.(1)OJN0106,30.10.1962 ,p.2553/62
(2)OJN°L263,19.9.1°73,p. 1
(3)OJNoL106,29.4.1977,p.27
(4)OJN0L85,29.3.1980,p.45..

i-2-
HASADOPTED THISREGULATION :
Article 1
Article2a(3)(c )ofRegulation (EEC)N°878/77isreplaced bythefollowing :
"c)therepresentative rateofthe1Frenchfranc=0.171028 ECUshall
applywitheffectfrom
-12May1980forthemilkandmilkproducts ,beefandvealaridpinjneat
sectors
;-1July1980forthesugarandisoglucose sectors
-•1Auqust1980forthecereals,eaas,poultry,ovalbumin and'
.lactaIbuminsectors
-15December 1980inthewinesector;however ,otherdatesmaybe
fixedfordistillation operators
«
-1January 1981forthefisheryproducts sector
-thebeginning ofthe1980/81marketing yearfortheother,products
forwhichthereexistsamarketing year
-12May1980inallothercases."
Article 2
ThisRegulation shallenterintoforceon12May1980.
ThisRegulation shallbebindinginitsentirety anddirectly applicable in
allmemberStates .
*
DateatBrussels ,
FortheCouncil

.FINANCIAL STATEMENT
«.30.4.19C0 .
sTitles 6and7 a^pocjiatii'.S :10*400n-iJA
ofnc.rironorcd But1'-et
tuli:Cour.cilReflation amending,asregardstheFronolifranc,Regulation
(EiXJ)V.oC.7P/77ontheexchangeratestobeappliedinAgriculture
ucalè*;:s:•Article 3ofCouncilRégulation 129
t.*:«so>hojui >Devaluation ofFrenchfrancto"bringrepresentative rateto
levelofftentralrate
4. i»»i.ic*ticns (fornew
-c-»':{9 *0wccouoctr
(tH.NJS/SMMAMSCrS )
-zr>:ix-
s.i»ca:m
-C.NP£S3„«CfS (?»Tm£tC
UCrfltS/CwSW ?IIS)
-jixvio*xofu«ost»S
+40
+3.5CbAfcCNT flNASCUL YCAft
_LT"
13
+2fOl-lCWINS fISANCIAL T£A«
.( 1'
+40
+3.5
î.0.1tSTI-ATfJ HOfSStTu*C
4.1.1c;»:-au6 »tct:<>Ts
4.2*1T»09OfCALCULATION
» '
Effectofdoubleconversion rateon
expenditure
iSffectofdoubleconversion 'rateonown
resources19u0Budget 12monthperiod
$
'+13 +40
+2 +3.5
t.ZCANTm£P«0J£CT 8£#2NASCeO APP»031ATI0*S ENT£*£J >INTH£REUVANT C«APT£fl OfTH£CURRCNT BuOGci
' YES'NO
Xi.t.i<*x:J^CíW3ic.iL-e*.:tW^SÊ^:Jftlí5í^±±tíEy<5^áti2JÒOÊbóCX^X50tíãd ,!?SÍíd:
W3c:W
&.*isa^wtPtfCiTAftT -eu-dSCf0CfctcessA **?
Ζνϋχ'"-3
ft.*»;lL tfviwtla*v*vì»;aWOSJ blNUlSSArfy 1
i
:i;i«vATpss 1
JDevaluation oftheItalianlira/will£iveasavingofthosciicorderofmagnitude
|ar.dthetwodevaluations tocotherhavenoeffecton.the19C0Budget.
ITheywillhavetobetakenintoaccountwhenthe1981Bud-otisprepared