CELEX: 31960D0301P0764
Language: en
Date: 1960-03-09 00:00:00
Title: EEC Council: Decision of 9 March 1960 on co-ordination of the conjunctural policies of the Member States

44                                 Official Journal of the European Communities
764/60                        OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES                                         9.5.6 0
                                                      DECISION
                                                   of 9 March 1960
                          on co-ordination of the conjunctural policies of the Member States
THE COUNCIL OF THE EUROPEAN ECONOMIC                           The Committee shall elect its officers and adopt its
COMMUNITY,                                                     own rules of procedure. It shall address its reports to
                                                               the Commission, which shall forward them to the
Having regard to the Treaty, and in particular Article         Council .
103 thereof;
Having regard to the proposal from the Commission ;                                      Article 2
HAS ADOPTED THIS DECISION :
                                                               The Governments of the Member States shall keep
                                                               the Commission informed of the broad lines of any
                                                               project which may affect the conjunctural situation
                        Article 1                              of the Member States of the Community, apart from
                                                               those exceptional cases where secrecy may be essen­
                                                               tial to the success of the measures taken .
A Conjunctural Policy Committee is hereby set up ;
it shall be attached to the Commission . This Commit­
tee shall participate in the conduct of the consulta­          The Governments shall facilitate the summoning by
tions between Member States and the Commission                 the Commission of persons able to provide it with
provided for in Article 103 of the Treaty. The Com­            guidance in its analyses of the conjunctural situation.
mittee shall provide guidance and assistance to the
Commission in exercising the powers conferred on it
by that Article.                                                                         Article 3
The Committee shall be composed of three
                                                               The Commission shall consider with the OEEC how
representatives of the Commission and of three
representatives of each Member State.                          the work of the Community and that of the OEEC
                                           \
                                                               could be linked, as regards co-ordination of conjunc­
The Chairman of the Monetary Committee shall                   tural policies . It shall then submit its findings to the
attend meetings of the Committee ex officio.                   Council .
Secretarial services shall be provided for the Commit­
tee by the Commission.
                                                               Done at Brussels, 9 March 1960
To deal with certain matters the Committee may, in
agreement with the Commission, call upon experts
having recognised theoretical knowledge and practi­
cal experience.                                                                      For the Council
                                                               The Secretary-General                    The President
The Committee may hear persons working in the
national administrations or in the private sector.                     CALMES                         Eugene SCHAUS