European Parliament legislative resolution on the recommendation of the European Central Bank for a Council regulation concerning an amendment to Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank (ECB/2001/2 – C5-0141/2001 — 2001/0805(CNS))
Date: 2001-07-04
Institutions: European Parliament
Subjects: European Central Bank, European System of Central Banks, central bank, financial institution, financial legislation, foreign-exchange reserves

C 65 E/108

Official Journal of the European Communities

EN

14.3.2002

Wednesday 4 July 2001

European Parliament legislative resolution on the recommendation of the European Central Bank
for a Council regulation concerning an amendment to Council Regulation (EC) No 2531/98 of
23 November 1998 concerning the application of minimum reserves by the European Central
Bank (ECB/2001/2 (cid:129) C5-0141/2001 (cid:129) 2001/0805(CNS))

(Consultation procedure)

The European Parliament,

(cid:129) having regard to the recommendation of the European Central Bank to the Council (ECB/2001/2) (1),

(cid:129) having been consulted by the Council pursuant to Article 107(6) of the EC Treaty (C5-0141/2001),

(cid:129) having regard to Rule 67 of its Rules of Procedure,

(cid:129) having regard to the report of the Committee on Economic and Monetary Affairs (A5-0246/2001),

1.

Approves the recommendation of the European Central Bank;

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

2.
Parliament;

Asks to be consulted again should the Council intend to amend the recommendation of the Euro-

3.
pean Central Bank substantially;

Instructs its President to forward its position to the Council, the Commission and the European

4.
Central Bank.

(1) OJ C 89, 20.3.2001, p. 4.

5.

Interest rate subsidies

A5-0215/2001

European Parliament resolution on Special Report No 6/2000 of the European Court of Auditors
concerning the granting by the Community of interest subsidies on loans by the European Invest-
ment Bank to small and medium-sized enterprises within the framework of its temporary lending
facility, accompanied by the Commission(cid:146)s replies and Special Report No 3/1999 on the manage-
ment and control of interest-rate subsidies by the Commission accompanied by the Commission(cid:146)s
replies (C5-0023/2001 (cid:129) C5-0158/2001 (cid:129) 2001/2015(COS))

The European Parliament,

(cid:129) having regard to Special Report No 3/1999 of the European Court of Auditors (C5-0158/2001) (1),

(cid:129) having regard to Special Report No 6/2000 of the European Court of Auditors (C5-0023/2001) (2),

(cid:129) having regard to Rule 47(1) of its Rules of Procedure,

(cid:129) having regard to the report of the Committee on Budgetary Control (A5-0215/2001),

A. whereas in June 1993 the European Council launched the so-called Copenhagen facility by asking the
European Investment Bank (EIB), in conjunction with the Commission, to earmark ECU 1 billion in
loans to increase the competitiveness of European small and medium-sized enterprises; whereas inter-
est subsidies were fixed at 200 base points, or 2 %, were extended to beneficiaries for a period of five
years and were restricted to investment projects involving the creation of jobs,

(1) OJ C 217, 29.7.1999.
(2) OJ C 152, 31.05.2000.