4. Asks to be consulted again if the Council intends to amend the Commission proposal substantially;
5. Instructs its President to forward its position to the Council and Commission.
16. Macro-financial assistance to Romania *
A5-0019/1999
Proposal for a Council Decision providingfurther macro-financial assistance to Romania
(COM(1999) 405 ;dash C5-0097/1999 ;dash 1999/0167(CNS))
The proposal was amended as follows:
TEXT PROPOSED
BY THECOMMISSIONAMENDMENTS
BY PARLIAMENT
(Amendment 1)
Recital 2
(2) Whereas Romania is undertaking fundamental economic
reforms and is making substantial efforts to establish a well-
functioning market economy;(2) Whereas Romania is undertaking fundamental economic
reforms and is making substantial efforts to establish a social
market economy and whereas it must be ensured that this
creates jobs and improves livingconditions ;
(Amendment 2)
Recital 7a (new)
(7a) Whereas the Commission will ensure that the
macro-financial assistance is used in accordance with therules of Community budgetary control;
(Amendment 3)
Recital 8
(8) Whereas a Community long-term loan to Romania is an
appropriate measure to help ease the country’s external finan-cial constraints, supporting the balance of payments andstrengthening the reserve position;(8) Whereas a Community long-term loan to Romania is an
appropriate measure to help ease the country’s external finan-cial constraints, supporting the balance of payments andstrengthening the reserve position , but also to foster the
proper functioningof the administration and to meet thebasic social needs of the population ;
(Amendment 4)
Article 2(1)
1. The Commission is empowered to agree with the
authorities of Romania, after consultation with the Economicand Financial Committee, the economic policy conditionsattached to the loan. These conditions shall be consistent withthe agreements referred to in Article 1(3).1. The Commission is empowered to agree with the
authorities of Romania, after consultation with the Economicand Financial Committee, the economic policy conditionsattached to the loan. These conditions shall be consistent withthe agreements referred to in Article 1(3) , and it must be
ensured that they are socially balanced .C 107/74 EN 13.4.2000 Official Journal of the European Communities
Wednesday 6 October 1999
(Amendment 5)
Article 2(2)
2. The Commission shall verify at regular intervals, in colla-
boration with the Economic and Financial Committee and incoordination with the IMF, that the economic policy in Roma-nia is in accordance with the objectives of this loan and that itsconditions are being fulfilled.2. The Commission shall verify at regular intervals, in colla-
boration with the Economic and Financial Committee and incoordination with the IMF, and in accordance with the prin-
ciples of sound and efficient management, that the eco-
nomic policy in Romania is in accordance with the objectivesof this loan and that its conditions are being fulfilled.
(Amendment 6)
Article 3(2)
2. Subject to the provisions of Article 2, the second tranche
shall be released on the basis of a satisfactory continuation ofRomania’s adjustment and reform programme and not beforeone quarter after the release of the first instalment.2. Subject to the provisions of Article 2, the second tranche
shall be released on the basis of a satisfactory continuation ofRomania’s adjustment and reform programme and not beforeone quarter after the release of the first instalment. The Com-
mission shall inform the European Parliament before thesecond instalment is released.
(Amendment 7)
Article 5
At least once a year the Commission shall address to the Euro-
pean Parliament and to the Council a report, which will includean evaluation of the implementation of this Decision.At least once a year , by 15 September, the Commission shall
address to the European Parliament and to the Council areport, which will include an evaluation of the implementationof this Decision.
European Parliament legislative resolution on the proposal for a Council Decision providingfurther macro-financial assistance to Romania (COM(1999) 405 ;dash C5-0097/1999 ;dash 1999/
0167(CNS))
(Consultation procedure)
The European Parliament,
2dash having regard to the Commission proposal to the Council, (COM(1999) 405 2dash 1999/0167(CNS),
2dash having been consulted by the Council pursuant to Article 308 of the EC Treaty (C5-0097/1999),
2dash having regard to Rule 67 of its Rules of Procedure,
2dash having regard to the report of the Committee on Industry, External Trade, Research and Energy and
the opinion of the Committee on Budgets (A5-0019/1999),
1. Approves the Commission proposal as amended;
2. Calls on the Commission to alter its proposal accordingly, pursuant to Article 250(2) of the EC
Treaty;
3. Calls on the Council to notify Parliament should it intend to depart from the text approved by Parlia-
ment;
4. Asks to be consulted again if the Council intends to amend the Commission proposal substantially;
5. Instructs its President to forward its position to the Council and Commission.13.4.2000 EN C 107/75 Official Journal of the European Communities
Wednesday 6 October 1999
TEXT PROPOSED
BY THECOMMISSIONAMENDMENTS
BY PARLIAMENT