ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(75)386
Vol.1975/0152

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(75)386 final
Brussels ,18July 1975
PROPOSAL FOR ADECISION OPTHE COUNCIL
onachange inthetimetable forthepreparation
oftheannual report onthe economic situation in
theCommunity
(submitted bytheCommission totheCouncil )
C°M(75 )386final

EXPLANATORY MEMORANDUM
<
Theeconomic outlook forcoming months andfor1976 isobscured toyfactors
which areexceptionally difficult topredict ,andtheCommission will there­
fore notbeaposition tolaybefore theCouncil inearly September adraft
annual report ontheeconomic situation ofthe .Community »when thedraft would
have tobestarted ,virtually nothing inthewayofdata more recent than those
available atthetime (lOJuly )when theCouncil holds itmeeting onthesecond
examination oftheeconomic situation oftheCommunity would beavailable .This
isaparticularly serious handicap atatime when theestablishment ofeconomic
policy guidelines islargely afunction oftheavailability ofrecent indicators
ontheeconomy showing whether ornottrends have started rising again asexpected *
Accordingly ,theCommission believes that itispreferable that thedraft annual
report should gototheEuropean Parliament andtotheEconomic saidSocial Committee
on15Ostober .Therequired Opinions having been obtained byabout 15November ,
theCouncil could then normally adopt theannual report atitssession held on v-
thethird Monday ofNovember .This should beearly enough forthenational Par­
liaments tobeable totake theCouncil 'sguidelines into account inbudget de­
bates ,asprovided forinArticle 5 "theCouncil Decision of18February 1974 .
TheCommission feels that this newtiming should also befollowed fairly closely
inthefuture .Forthis purpose ,itsubmits totheCouncil theattached proposal
foranamendment oftheDecision of18February 1974 (l)ontheattainment ofa
high degree ofconvergence oftheeconomic policies oftheMember States ofthe
European Economic Community .
(l)QJNoL63,5March 1974*p.16.

PROPOSALFORADECISION OFTHECOUNCIL
onachangeinthetimetableforthepreparationoftheannual
reportontheeconomicsituationintheCommunity
THECOUNCILOFTHEEUROPEANCOMMUNITIES,
HavingregardtotheTreatyestablishing theEuropeanEconomioCommunity,and
inparticularArticles103and145thereof;
HavingregardtotheproposalfromtheCommission;
HavingregardtotheOpinionoftheEuropeanParliament;
HavingregardtotheOpinionoftheEconomicandSocialCommittee;
WhereastheDecisionoftheCouncilof18February1974(l)ontheattainment
ofahighdegreeofconvergenceoftheeconomicpoliciesoftheMemberStates
oftheEuropeanEconomicCommunityprovidedthattheCouncilshouldholdthree
meetingsyearlytoexaminetheeconomicsituation,thethirdtowardstheend
ofthethirdquarter,atwhichanannualreportontheeconomicsituationinthe
Communityshouldbeadopted;
Whereasexperienceshowsthatbecauseoftheinadequacyofavailablestatistics,
thethirdquarteroftheyearistooearlytoreviewtheeconomic-policy -and
particularly budgetary-guidelinesadoptedpursuanttoArticle3ofthesaid
Decision;
Whereasappropriateadjustmentofthetimetableforpreparingtheannualreport
ontheeconomicsituationoftheCommunitywouldmakeitpossiblebothtouse
new,sufficient,information andtoadopttheannualreportearlyenoughfor
thenationalParliamentstotakeitintoaccountinbudgetdebates;
HASADOPTEDTHISDECISION:
Article1
ThefirstsentenceofArticle4oftheDecisionoftheCouncilof18February
1974ontheattainmentofahighdegreeofconvergenceofeconomicpoliciesof
theMemberStatesoftheEuropeanEconomicCommunityshallbedeletedandre­
placedbythefollowing:"A'thirdexaminationshalltakeplaceduringthefourth
quarter".
(1)OJNoL63,5March1974,p.16.

Article2
ThisDecisionieaddressedtotheMemberStates.
DoneatBrussels,•••••••••
FortheCouncil
ThePresident