* -k 
•k -fr EUROOPAN YHTEISÖJEN KOMISSIO 
Bryssel, 16 05.1995 
KOM(95) 173 lopull. 
Ehdotus 
NEUVOSTON ASETUKSEKSI (EY) 
tiettyjä valuuttoja koskevaan muuntokurssien alentamiseen liittyvistä hyvityksistä 
(komission esittämä) 

EXPLANATORY MEMORANDUM 
1. The monetary gaps between agricultural conversion rates and representative market 
rates have exceeded 5% since 24 February 1995 in the case of the 
Belgian/Luxembourg franc and since 16 March 1995 in the case of the German mark, 
the Dutch guilder and the Austrian schilling. 
Since 5 April 1995 the monetary gap for the Danish krone has also exceeded 5% 
compared with the average of the market rates for the 10 preceding days. 
In principle, this overrun of the threshold should entail an adjustment of the 
agricultural conversion rates so as to reduce the monetary gap by half. However, in 
the case of positive monetary gaps, and in accordance with Article 4 of Council 
Regulation (EEC) No 3813/92, delay periods to confirm the monetary situation have 
been introduced before the revaluation mechanism is actuated. The purpose of 
inserting a delay before the agricultural conversion rates are reduced is to prevent 
measures which would have multiannual effects from being triggered, on the basis 
of unstable monetary developments which on their own could reduce the positive 
monetary gaps to back below the 5% threshold. Thus for the German mark and the 
Austrian schilling, market rates recorded during the reference period ending on 
24 April 1995 produced an average of less than 5%. By contrast, for the other 
currencies referred to above, large monetary gaps persisted, in some cases for up to 
more than three months. In the period from February to June 1995 the budgetary 
impact of this delay in reducing the gaps for the currencies in question will be on the 
order of ECU 10 million to ECU 15 million per month. 
Over and above the consequences for the Community budget, difficulties have arisen 
for some economic operators as a result of changes in trade flows brought about by 
the maintenance of agricultural conversion rates at unchanged levels, and uncertainty 
as regards possible adjustments to the rates. These agrimonetary difficulties have 
come on top of the wider monetary problems created by changes in the value of the 
dollar and by the sharp devaluation of some Community currencies. 
2. In accordance with the agrimonetary system currently in force, a reduction in 
agricultural conversion rates opens up the possibility for the Member States affected 
to introduce compensatory measures. If there is a significant fall in the agricultural 
conversion rate, they can request two pre-established mechanisms to be operated: 
Pursuant to Article 7 of Regulation (EEC) No 3813/92, aid payments per 
hectare or per livestock unit, and aid of a structural or environmental nature, 
can be increased in ecus so as to prevent any fall in their value in national 
currency. Since they are increased in ecus, they affect all Member States, even 
those whose currencies have been devalued. 
Pursuant to Article 8 of Regulation (EEC) No 3813/92, compensatory aid for 
income losses due to agrimonetary causes can be granted degressively over 
three years, with Community part-financing, which as a rule is 50% in the cases 
at issue here. 
The cost to the Community of implementing these pre-established mechanisms could 
be of the order of ECU 1 000 million in 1996 and 1997, falling gradually to produce 
permanent expenditure of approximately ECU 750 million per annum from 1999. 
Given the appropriation requirements of the EAGGF Guarantee Section for 1996, 
additional agrimonetary expenditure of the order of ECU 1 000 million is out of the 
question. 
3. In general, the high level of monetary gaps is based at present on a money market 
situation which has lasted for almost three months. As a result, if gaps of more than 
5% were to be confirmed, under the rules the agricultural conversion rates in question 
should be reduced so as to alleviate or eliminate their effects on trade flows. The 
destabilising effects on markets become more marked the longer the gaps are 
maintained. 
However, Articles 7 and 8 of Regulation (EEC) No 3813/92 cannot be applied as 
they stand, mainly for budgetary reasons. Article 9 provides the basis for a derogation 
from these two Articles by stipulating that in the event of a substantial revaluation, 
the Council, acting by a qualified majority on a proposal from the Commission, is to 
decide on all necessary measures. It also provides, primarily to comply with 
obligations arising out of the GATT Agreement and budgetary discipline, that such 
measures may involve derogations on aid and the amount by which the monetary 
gaps are dismantled, although these derogations must not result in the threshold being 
widened. 
4. If, for the reasons outlined above, unconditional use of Article 7 must be avoided, 
compensation on the lines of the system provided for in Article 8 appears to be the 
appropriate measure to alleviate the effects of a revaluation of the agricultural 
conversion rates in question. To implement such an approach, the Commission's 
proposal is based on the three following principles: 
the compensatory measures must to used to meet actual income losses in the 
light of price movements over the past few years; 
the compensatory measures must not increase resource requirements for the 
EAGGF beyond the possibilities laid down by budgetary discipline; 
the compensatory measures must not lead to overcompensation and, in general 
and mainly, must therefore be applied degressively and as a temporary 
measure. 
Thus, the overall amount of compensatory aid proposed for each Member State 
concerned has been established in accordance with agricultural income statistics for 
1994, on the basis of the following factors: 
(a) the reduction in agricultural conversion rates will be reflected directly in 
intervention prices and therefore in the value of cereals, sugar beet, beef/veal 
and milk products. For the other agricultural produce of the Member States in 
question, no intervention prices exist and the effect of the agrimonetary 
situation on market prices has been very slight or zero. 
In addition, the fall in the value of feed grains represents a fall in input costs 
in the livestock production sector. 
(b) Most aid granted to farmers is directly affected by the agrimonetary 
developments. 
However, the aids awarded as part of the reform of the common agricultural 
policy were determined on the basis of a fall in Community prices which has 
not been followed by market prices. In the particular case of oilseeds, the 
reduction in aid per hectare has been considerably smaller than the rise in 
market prices. 
Thus, in the case of cereals, oilseeds, protein plants, flax, beef/veal and the set-
aside scheme, the agrimonetary reduction in aid in national currency is not a 
real income loss. 
As a result, the aid to farmers which would be taken into account for estimating 
income losses consists of aids per hectare other than that referred to in the 
preceding paragraph, aids or premiums of a structural nature, and aid in the 
sheepmeat, tobacco and seeds sectors. 
The overall amount of compensatory aid thus calculated represents the impact on total 
agricultural income of the Member State in question for a 1% reduction in the 
agricultural conversion rate. 
However, since agrimonetary variations of less than 2% do not have any detectable 
significant impact on market prices, even if there is an intervention mechanism in 
operation, it is proposed not to award any compensatory aid for the first 
one percentage point of reduction in the agricultural conversion rate. 
In addition, in the case of the Belgian/Luxembourg franc and the Danish krone, the 
effects of the devaluations of those currencies in 1993 still persist. In accordance with 
Article 1(e) of Regulation (EEC) No 3813/92, reductions in agricultural conversion 
rates are substantive only in the case of rates less than BFR/LFR 40.4192 or 
DKR 7.53835. Consequently, the effects on incomes of a fall in agricultural 
conversion rates are considered to be compensated a priori by 1.015 percentage 
points in the case of Belgium and Luxembourg and 2.626 percentage points in the 
case of Denmark. 
5. In accordance with the principle laid down in Article 8 of Regulation (EEC) No 
3813/92, the compensatory aid is to be granted degressively over three years and the 
Community contribution to the financing thereof is to be adjusted in line with 
requirements and regional possibilities. 
In order to take account of the special importance of certain amounts affected by the 
reduction in the agricultural conversion rate, part of the income loss to be offset 
during the three years the aid is granted will be impossible to reduce and this is to 
be financed fully by the Community. 
Furthermore, should an examination of the situation indicate a continuing loss of 
agricultural income, the period during which the aid is granted could be extended. 
The supplement to be determined as and when the need arises would be limited to 
two additional annual tranches, the amount not exceeding that granted under the last 
tranche. 
6. The aid of a structural or environmental nature fixed by the Council and granted 
under the accompanying measures of the CAP reform generally fall within 
multiannual programmes. In order to avoid calling into question programmes already 
agreed, it is proposed to extend the application of Article 6(3) of Regulation (EEC) 
No 3813/92 without reducing the financing of the annual tranches of the aid granted 
prior to 1996. 
On the basis of the principles set out above and the monetary situation on 25 April 1995, 
the financial impact of the proposal on the Community budget in relation to the 
preliminary draft budget for 1996 results in additional expenditure of ECU 11 million for 
1996, which is compatible with financial and international constraints. 
The measures to be taken necessarily involve the Community level since this is an area 
which is the exclusive responsibility of the Community. The approach is in line with the 
general objective of applying the common agricultural policy in a uniform manner and 
adapts the provisions already planned by the Council to take account of the current 
special situation. 
EHDOTUS: 
NEUVOSTON ASETUS (EY) N:o ..../95 
tiettyjä valuuttoja koskevaan muuntokurssien alentamiseen liittyvistä hyvityksistä 
Euroopan unionin neuvosto, joka 
ottaa huomioon Euroopan yhteisön perustamissopimuksen, 
ottaa huomioon komission ehdotuksen, 
ottaa huomioon maatalouspolitiikassa sovellettavista muuntokursseista ja 
laskentayksiköstä 28 päivänä joulukuuta 1992 annetun neuvoston asetuksen (ETY) N:o 
3813/921, sellaisena kuin se on viimeksi muutettuna asetuksella (EY) N:o 150/952, ja 
erityisesti sen 9 artiklan, 
sekä katsoo, että 
on olemassa Belgian ja Luxemburgin frangin, Tanskan kruunun, Saksan markan, 
Alankomaiden guldenin ja Itävallan schillingin maatalouspolitiikassa sovellettavien 
muuntokurssien huomattavan alentamisen vaara; 5 prosenttia ylittävien valuuttaerojen 
esiintyminen on vahvistettu kyseisille valuutoille useina viiteajanjaksoina; yhteisössä 
on tarpeen suorittaa toimenpiteitä valuuttatilanteesta johtuvien häiriöiden välttämiseksi 
yhteisen maatalouspolitiikan täytäntöönpanossa, 
kyseisten valuuttaerojen kaupan virroissa aiheuttamien häiriöiden välttämiseksi on 
suotavaa vähentää näitä eroja, jos ne valuuttatilanteen vahvistamiseen liittyvien vii­
teajanjaksojen lopussa edelleen ylittävät 5 prosenttia, 
asetuksen (ETY) N:o 3813/92 9 artiklassa säädetään, että jos on kysymyksessä 
merkittävä revalvaaltio, neuvosto säätää kaikista tarvittavista toimenpiteistä, joihin voi 
erityisesti GATT-sopimuksesta ja talousarviota koskevasta kurinalaisuudesta johtuvien 
velvoitteiden noudattamisen varmistamiseksi sisältyä poikkeuksia mainitun asetuksen 
tukia ja valuuttaerojen purkamisen määrää koskevista säännöksistä; sen vuoksi 
mainitun asetuksen 7 ja 8 artiklassa säädettyjä toimenpiteitä ei voi soveltaa 
sellaisenaan; on kuitenkin suotavaa säätää maatalouspolitiikassa sovellettavien 
muuntokurssien alentamisesta johtuvien tulonmenetysten vuoksi hy vitystoimenpiteistä, 
ottaen huomioon erityisesti vuoden 1993 devalvaatioiden vaikutukset, niiden tuotteiden 
hintojen todellinen kehitys, joita tasoitusmaksut koskevat yhteisen maatalouspolitiikan 
uudistamisessa sekä markkinahintojen ja tulojen todellinen herkkyys maatalouden 
valuuttamuutoksiin nähden, 
EYVL N:o L 387, 31.12.1992, s. 1 
EYVLN:o L 22, 31.1.1995, s. 1 
é 
yhteisön rahallisen tuen tasoa olisi mukautettava ottaen huomioon niiden yhteisön 
alueiden tilanne, joita koskee neuvoston asetuksessa (ETY) N:o 2052/883 säädetty 
tavoite 1, sekä niiden tiettyjen sellaisten määrien erityinen merkitys, joihin sovelletaan 
maatalouden muuntokurssien alennusta, 
yhteisen maatalouspolitiikan uudistukseen liittyvien toimenpiteiden yhteydessä 
neuvoston asetusten (ETY) N:o 2078/924*ja (ETY) N:o 2079/925 ja (ETY) N:o 
2080/926 nojalla jo annetut monivuotiset tuet eivät voi vähentyä kansallisessa 
valuutassa vaarantamatta kyseisiä ohjelmia, ja 
tasaustuen myöntämistä kolmen peräkkäisen 12 kuukauden jakson aikana olisi 
jatkettava siinä määrin kuin se on tarpeen maatalouden muuntokurssien alennuksen 
tulevia vuosia koskevan vaikutuksen vuoksi, 
ON ANTANUT TÄMÄN ASETUKSEN : 
1 artikla 
Tätä asetusta sovelletaan maatalouspolitiikassa sovellettavien muuntokurssien 
alentuessa asetuksen (ETY) N:o 3813/92 4 artiklan mukaisesti ennen 1 päivää 
tammikuuta 1996. 
2 artikla 
1. Edellä 1 artiklassa tarkoitetun maatalouden muuntokurssien alentamisen 
johdosta kyseinen jäsenvaltio voi myöntää maanviljelijöille tasaustukea 3 
peräkkäisen 12 kuukauden jakson aikana kyseisen maatalouspolitiikassa 
sovellettavan muuntokurssin alentamista seuraavasta kuukaudesta alkaen. 
Tasaustuki voidaan myöntää ainoastaan tietyn aikaisemman ajanjakson 
tuotantoon liittyvänä maksuna; sitä ei voida suunnata tuotantoon tai sitoa tätä 
tiettyä ajanjaksoa myöhempään tuotantoon. 
2. Myönnetyn tasaustuen kokonaismäärän ensimmäinen 12 kuukauden jakson 
määrä ei saa ylittää: 
- 19,9 miljoonaa ecua Belgian osalta, 
- 21,7 miljoonaa ecua Tanskan osalta, 
- 136,1 miljoonaa ecua Saksan osalta, 
- 1,5 miljoonaa ecua Luxemburgin osalta, 
- 40,6 miljoonaa ecua Alankomaiden osalta, 
-21,5 miljoonaa ecua Itävallan osalta, 
EYVLN:o L 185, 15.7.1988, s. 9 
EYVL N:o L 215, 30.7.1992, s. 85 
EYVL N:o L 215, 30.7.1992, s. 91 
EYVL N.o L 215, 30.7.1992, s. 96 
-? 
kerrottuna 1 artiklassa tarkoitetulla prosentteina ilmaistun maatalouspolitiikassa 
sovellettavan muuntokurssin alentamisella ja vähennettynä 2,015 pisteellä 
Belgian ja Luxemburgin frangin osalta, 3,626 pisteellä Tanskan osalta ja 1,000 
pisteellä muiden jäsenvaltioiden osalta. 
3. Toisen ja kolmannen jakson määrää vähennetään edelliseen jaksoon verrattuna 
vähintään kolmanneksella ensimmäisen jakson aikana myönnetystä määrästä. 
Tasaustuen kokonaismäärä voi kuitenkin jakson aikana olla enintään: 
- 1,9 miljoonaa ecua Belgian osalta, 
- 6,4 miljoonaa ecua Tanskan osalta, 
- 40,7 miljoonaa ecua Saksan osalta, 
- 0,1 miljoonaa ecua Luxemburgin osalta, 
- 2,1 miljoonaa ecua Alankomaiden osalta, 
- 4,7 miljoonaa ecua Itävallan osalta, 
kerrottuna kyseisellä maatalouden muuntokurssin alennuksella. 
Yhteisö osallistuu tasaustuen rahoitukseen : 
- 75 prosentilla määristä, jotka on tosiasiallisesti myönnetty alueelle, jota 
asetuksen (ETY) N:o 2052/88 1 artiklassa tarkoitettu tavoite n:o 1 koskee, 
sijoittuneille maanviljelijöille; 
- muissa tapauksissa 50 prosentilla tosiasiallisesti myönnetyistä määristä. 
Komissio rahoittaa kuitenkin 100 prosenttia 3 kohdan toisessa alakohdassa 
tarkoitetusta tasaustuen kokonaismäärästä. 
Tätä osuutta pidetään yhteisen maatalouspolitiikan rahoituksessa 
maatalousmarkkinoiden säätelyyn tähtäävänä interventiona. 
3. Komissio antaa yksityiskohtaiset säännöt tämän artiklan soveltamisesta 
asetuksen (ETY) N:o 3813/92 12 artiklassa säädettyä menettelyä noudattaen. 
3 artikla 
1. Asetuksen (ETY) N:o 3813/92 6 artiklan 3 kohtaa sovelletaan ennen 1 päivää 
tammikuuta 1996 asetusten (ETY) N:o 2078/92, (ETY) N:o 2079/92 ja (ETY) 
N:o 2080/92 nojalla myönnettyihin määriin. 
2. Asetuksen (ETY) N:o 3813/92 7 ja 8 artiklaa ei sovelleta tämän asetuksen 1 
artiklassa tarkoitettuihin maatalouspolitiikassa sovellettavien muuntokurssien 
alentamisiin. 
8 
4 artikla 
Ennen kolmannen tasaustuen myöntämiskauden loppua komissio tutkii 1 artiklassa 
tarkoitettujen maatalouden muuntokurssien alentamisten vaikutuksen maataloustuloihin. 
Jos todetaan, että tulonmenetykset uhkaavat jatkua, komissio voi, asetuksen (ETY) N:o 
3813/92 12 artiklassa säädettyä menettelyä noudattaen, jatkaa 2 artiklassa tarkoitetun 
tasaustuen myöntämismahdollisuutta enintään kahden ylimääräisen 12 kuukauden 
jakson ajan, jolloin kunkin jakson enimmäismäärä on saman suuruinen kuin 
kolmannen jakson aikana myönnetty määrä. 
5 artikla 
Tämä asetus tulee voimaan 3 päivänä kesäkuuta 1995. 
Tämä asetus on kaikilta osiltaan velvoittava, ja sitä sovelletaan sellaisenaan kaikissa 
jäsenvaltioissa. 
Tehty Brysselissä, 
Neuvoston puolesta 
3 
FINANCIAL STATEMENT 
BUDGET HEADING : 322 (390 in 1996) and virtually all lines of the EAGGF Guarantee 
APPROPRIATIONS : p.m. (article 322) 
TITLE : 
4 
Council Regulation fixing compensation relating to reductions in the agricultural conversion rates for certain currencies 
LEGAL BASIS Article 9 of Regulation (EEC) No 3813/92 
AIMS : 
Fixing of a degressive aid, cofinanced by the Community budget, compensating the income loss of producers following the 
reduction of agricultural conversion rates 
5. FINANCIAL IMPLICATIONS PERIOD OF 
12 MONTHS 
Mio ECU CURRENT 
FINANCIAL 
YEAR (95) 
Mio ECU FOLLOWING 
FINANCIAL YEAR 
(96) 
Mio ECU 
5.0 
5.1 EXPENDITURE CHARGED TO 
- THE EC BUDGET 
(REFUNDS/INTERVENTIONS) 
- NATIONAL ADMINISTRATION 
-OTHER 
REVENUE 
- OWN RESOURCES OF THE EC 
(LEVIES/CUSTOMS DUTIES) 
- NATIONAL p.m. + 11 
+ 109 
5.2 METHOD OF CALCULATION : 
6.0 CAN THE PROJECT BE FINANCED FROM APPROPRIATIONS ENTERED IN THE RELEVANT 
CHAPTER OF THE CURRENT BUDGET ? YES /-NO 
6.1 CAN THE PROJECT BE FINANCED BY TRANSFER BETWEEN CHAPTERS OF THE 
CURRENT BUDGET ? YES / NO 
6.2 WILL A SUPPLEMENTARY BUDGET BE NECESSARY ? YES / NO 
6.3 WILL FUTURE BUDGET APPROPRIATIONS BE NECESSARY ? YES/NO 
OBSERVATIONS : 
In the present situation, assumptions must be made in order to estimate the financial impact of this proposal. 
The calculations are based on the monetary gaps of 25 April 1995, in relation to the representative market rates of the preceding 10 
days and are 6.899 for the BLF, 5.984 for the DKR, 5.818 for the HFL, 5.214 for the DM, 5.221 for the Ös. 
On the basis of the monetary gaps referred to above and taking account of the franchises, the cost to the budget for these 6 Member 
States would be 253 Mio ECU for 1996. 
The cost of the non-reduction in the agricultural conversion rates for the accompanying measures may be estimated at a maximum 
of 7 Mio ECU for 1996. This amount should be considered as maximum since for certain measures and certain programmes, the 
amounts fixed remain below the ceilings. 
It sould be noted that the reduction in the ACR for the Member States concerned also leads to a saving under the DR which, for all 
of the chapters of the EAGGF Guarantee, may be estimated at about 249 Mio ECU compared to the PDB 96. 
This measure therefore leads to a saving estimated at 11 Mio ECU in 1996. 
à A 
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KOM(95) 173 lopullinen 
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