Proposal for a Council Decision providing further macro-financial assistance to Romania (COM(1999) 405 - C5-0097/1999 - 1999/0167(CNS))
Date: 1999-10-06
Institutions: Committee on Industry, Research and Energy, European Parliament
Subjects: Romania, aid policy, financial aid, financial cooperation, terms for aid

C 107/74

Official Journal of the European Communities

EN

13.4.2000

Wednesday 6 October 1999

4.

5.

Asks to be consulted again if the Council intends to amend the Commission proposal substantially;

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 providing further macro-financial assistance to Romania

(COM(1999) 405 & C5-0097/1999 & 1999/0167(CNS))

The proposal was amended as follows:

TEXT PROPOSED
BY THE COMMISSION

AMENDMENTS
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 living conditions;

(Amendment 2)

Recital 7a (new)

(7a) Whereas
the
macro-financial assistance is used in accordance with the
rules of Community budgetary control;

the Commission will ensure that

(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 and
strengthening 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 and
strengthening the reserve position, but also to foster the
proper functioning of the administration and to meet the
basic social needs of the population;

(Amendment 4)

Article 2(1)

Commission is empowered to agree with the
1. The
authorities of Romania, after consultation with the Economic
and Financial Committee,
the economic policy conditions
attached to the loan. These conditions shall be consistent with
the agreements referred to in Article 1(3).

Commission is empowered to agree with the
1. The
authorities of Romania, after consultation with the Economic
and Financial Committee,
the economic policy conditions
attached to the loan. These conditions shall be consistent with
the agreements referred to in Article 1(3), and it must be
ensured that they are socially balanced.

13.4.2000

EN

Official Journal of the European Communities

C 107/75

TEXT PROPOSED
BY THE COMMISSION

Wednesday 6 October 1999

AMENDMENTS
BY PARLIAMENT

(Amendment 5)
Article 2(2)

2.
The Commission shall verify at regular intervals, in colla-
boration with the Economic and Financial Committee and in
coordination with the IMF, that the economic policy in Roma-
nia is in accordance with the objectives of this loan and that its
conditions are being fulfilled.

2.
The Commission shall verify at regular intervals, in colla-
boration with the Economic and Financial Committee and in
coordination 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 objectives
of this loan and that its conditions are being fulfilled.

(Amendment 6)
Article 3(2)

Subject to the provisions of Article 2, the second tranche
2.
shall be released on the basis of a satisfactory continuation of
Romania’s adjustment and reform programme and not before
one quarter after the release of the first instalment.

Subject to the provisions of Article 2, the second tranche
2.
shall be released on the basis of a satisfactory continuation of
Romania’s adjustment and reform programme and not before
one quarter after the release of the first instalment. The Com-
mission shall inform the European Parliament before the
second 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 include
an 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 a
report, which will include an evaluation of the implementation
of this Decision.

European Parliament legislative resolution on the proposal for a Council Decision providing
further macro-financial assistance to Romania (COM(1999) 405 & C5-0097/1999 & 1999/
0167(CNS))

(Consultation procedure)

The European Parliament,

@ having regard to the Commission proposal to the Council, (COM(1999) 405 @ 1999/0167(CNS),

@ having been consulted by the Council pursuant to Article 308 of the EC Treaty (C5-0097/1999),

@ having regard to Rule 67 of its Rules of Procedure,

@ 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;

Calls on the Commission to alter its proposal accordingly, pursuant to Article 250(2) of the EC

2.
Treaty;

3.
ment;

4.

5.

Calls on the Council to notify Parliament should it intend to depart from the text approved by Parlia-

Asks to be consulted again if the Council intends to amend the Commission proposal substantially;

Instructs its President to forward its position to the Council and Commission.