European Parliament legislative resolution on the proposal for a Council regulation amending Regulation (EC) No 974/98 on the introduction of the euro (COM(2005)0357 - C6-0374/2005 - 2005/0145(CNS))
Date: 2005-12-01
Institutions: Committee on Economic and Monetary Affairs, European Parliament
Subjects: EU Member State, EU financial instrument, European Monetary System, euro, euro area, exchange rate, national currency

C 285 E/118

Official Journal of the European Union

EN

22.11.2006

Thursday 1 December 2005

TEXT PROPOSED
BY THE COMMISSION

AMENDMENTS
BY PARLIAMENT

Amendment 9
ARTICLE 1, POINT 2
Article 3 a, paragraph 3, indent 1 (Decision 90/424/EEC)

— in the case of highly pathogenic avian influenza 50 % and
in the case of low pathogenic avian influenza 30 % of the
following costs, incurred by the Member State in compen-
sating livestock owners for the killing, the destruction of
animals, the destruction of animal products, the cleaning
and disinfection of holdings and equipment, the destruction
of the contaminated feedingstuffs and for the destruction of
contaminated equipment, where such equipment cannot be
disinfected,

— in the case of highly pathogenic avian influenza 50 % and
in the case of low pathogenic avian influenza 50 % as well
of the following costs,
incurred by the Member State in
compensating livestock owners for the killing, the destruc-
tion of animals, the destruction of animal products, any
fall in value in the event that other uses are found for
eggs or poultry, since the revenue therefrom is lower
than the normal value of the eggs or poultry, the cleaning
and disinfection of holdings and equipment, the destruction
of the contaminated feedingstuffs and for the destruction of
contaminated equipment, where such equipment cannot be
disinfected,

Amendment 10
ARTICLE 1, POINT 2
Article 3a, paragraph 3, indent 2a (new) (Decision 90/424/EEC)

— 100 % of vaccination costs.

Amendment 11
ARTICLE 1, POINT 2
Article 3a, paragraph 3a (new) (Decision 90/424/EEC)

The Community shall support

3a.
the development of
measures involving cooperation with and technical support
for third countries (in particular Asian ones) in order to
enable preventive and screening action to be taken in the
countries in which avian influenza originates.

P6_TA(2005)0457

Widening the Eurozone *

European Parliament legislative resolution on the proposal for a Council regulation amending Regu-
lation (EC) No 974/98 on the introduction of the euro (COM(2005)0357 — C6-0374/2005 — 2005/
0145(CNS))

(Consultation procedure)

The European Parliament,

— having regard to the Commission proposal to the Council (COM(2005)0357) (1),

— having been consulted by the Council pursuant to the EC Treaty (C6-0374/2005),

— having regard to Rule 51 of its Rules of Procedure,

— having regard to the report of the Committee on Economic and Monetary Affairs (A6-0329/2005),

(1) Not yet published in OJ.

22.11.2006

EN

Official Journal of the European Union

C 285 E/119

1.

Approves the Commission proposal as amended;

Thursday 1 December 2005

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 if it intends to depart from the text approved by Parliament;

Calls for initiation of the conciliation procedure under the Joint Declaration of 4 March 1975 if the

4.
Council intends to depart from the text approved by Parliament;

Asks the Council to consult Parliament again if it intends to amend the Commission proposal substan-

5.
tially;

6.

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

TEXT PROPOSED
BY THE COMMISSION

AMENDMENTS
BY PARLIAMENT

Amendment 1

RECITAL 3A (new)

It is appropriate to provide for a list of participating
(3a)
Member States which may be extended when further Member
States adopt the euro as their national currency.

Amendment 2

RECITAL 5

(5)
If a Member State considers that a transitional period is
not necessary, euro banknotes and coins will become legal
tender in that Member State on the date of the adoption of
the euro. However, it should be possible for such Member States
to apply a ‘phasing-out’ period of one year, during which it
would be possible to continue to make reference to the national
currency unit in new legal instruments. This would give econ-
omic actors in such Member States more time for to prepare for
the introduction of the euro and therefore ease the transition.

(5) The transitional period can be reduced to zero,
if a
Member State considers that a longer transitional period is not
necessary. In that case, euro banknotes and coins will become
legal tender in that Member State on the date of the adoption of
the euro. However, it should be possible for such Member States
to apply a ‘phasing-out’ period of one year, during which it
would be possible to continue to make reference to the national
currency unit in new legal instruments. This would give econ-
omic actors in such Member States more time for to prepare for
the introduction of the euro and therefore ease the transition.

Amendment 3

RECITAL 5A (new)

(5a) The future entrants to the euro area should prepare, at
an early stage, a national plan for the introduction of euro
banknotes and coins and for the withdrawal of the old
national banknotes and coins. They should also develop a bal-
anced and active communication strategy directed at citizens,
enterprises, clients and suppliers. As part of such plans, they
should also consider developing a strategy for the dual display
of prices and amounts in euro and the national currency unit,
which could begin well in advance of the cash changeover date
and end an appropriate time thereafter, so as to give citizens
sufficient time to adapt to the new scale of values.

C 285 E/120

Official Journal of the European Union

EN

22.11.2006

Thursday 1 December 2005

TEXT PROPOSED
BY THE COMMISSION

AMENDMENTS
BY PARLIAMENT

Amendment 4
RECITAL 6

(6) Banks should be required to exchange banknotes and coins
denominated in the national currency unit for euro banknotes
and coins free of charge during the dual circulation period, sub-
ject to certain ceilings.

(6) Banks should be required to exchange banknotes and coins
denominated in the national currency unit for euro banknotes
and coins free of charge for no longer than three months after
the end of the dual circulation period, subject to certain ceil-
ings.

Amendment 5
ARTICLE 1, POINT 1
Article 1, point (h) (Regulation (EC) No 974/98)

(h)

‘transitional period’ shall mean the period beginning at
00.00 on the euro adoption date and ending at 00.00 on
the cash changeover date;

(h)

‘transitional period’ shall mean the period, not exceeding
one year, beginning at 00.00 on the euro adoption date
and ending at 00.00 on the cash changeover date;

Amendment 6
ARTICLE 1, POINT 8, POINT (A)
Article 15, paragraphs 1 and 2 (Regulation (EC) No 974/98)

(a)

In paragraphs 1 and 2, the words ‘after the end of the tran-
sitional period’ are replaced by the words ‘from the respec-
tive cash changeover date’;

(a)

In paragraphs 1 and 2, the words ‘after the end of the tran-
sitional period’ are replaced by the words ‘from the respec-
tive cash changeover date’. The words ‘in participating
Member States adopting the euro after 1 January 2002,
that period shall last up to two months’ shall be added in
paragraph 1 between ‘at the latest’ and ‘this period’ and
at the end of paragraph 2;

Amendment 7
ARTICLE 1, POINT 8, POINT (B)
Article 15, paragraph 3, subparagraph 1 (Regulation (EC) No 974/98)

During the period referred to in paragraph 1, banks in partici-
pating Member States adopting the euro after 1 January 2002
shall exchange their customers' national notes and coins for
notes and coins in euro, free of charge and without any limi-
tation, up to a ceiling which may be set by national law. Banks
may require that notice be given if the amount to be exchanged
exceeds a ceiling set by the bank and corresponding to a house-
hold amount.

3.
For no longer than three months after the end of the
dual circulation period, banks in participating Member States
adopting the euro after 1 January 2002 shall exchange their
customers' national notes and coins for notes and coins in
euro, free of charge and without any limitation, up to a ceiling
which may be set by national
law. Banks may require that
notice be given if the amount to be exchanged exceeds a ceiling
set by the bank and corresponding to a household amount.