CELEX: 31977D0778
Language: en
Date: 1977-11-21 00:00:00
Title: Council Decision of 21 November 1977 adopting the annual report on the economic situation in the Community and laying down the economic policy guidelines for 1978

19 . 12. 77                           Official Journal of the European Communities                          No L 323 / 1
                                                               n
                                          (Acts whose publication is not obligatory)
                                                      COUNCIL
                                                    COUNCIL DECISION
                                                     of 21 November 1977
               adopting the annual report on the economic situation in the Community and laying
                                        down the economic policy guidelines for 1978
                                                         (77/778/EEC)
                                                                      I
 THE COUNCIL OF THE EUROPEAN COMMUNITIES,                         budgets for 1978 , wich are specified in the Annex to
                                                                  the said Decision,
Having regard to the Treaty establishing the
European Economic Community,
                                                                  HAS ADOPTED THIS DECISION :
Having regard to Council Decision 74/ 120/EEC of                                    ■
 18 February 1974 on the attainment of a high                                           Article 1
degree of convergence of the economic policies of
the Member States of the European Economic                        The Council hereby adopts the annual report
Community (1), as amended by Council Decision                     on the economic situation in the Community as
75/787/EEC (2), and in particular Article 4 thereof,              contained in Sections I and II of the Annex and
                                                                  lays down the guidelines to be followed by each
Having regard to the proposal from the Commission,                Member State in its economic policy for 1978 ,
                                                                  as contained in Sections III and IV of the Annex.
Having regard to the opinion of the European
Parliament (8),
Having regard to the opinion of the Economic and                                        Article 2
Social Committee (4),
                                                                  This Decision is addressed to the Member States .
Whereas, in adopting Decision 77/492/EEC (5), the
Council approved the analysis of the economic
situation set out in the Commission communication                 Done at Brussels, 21 November 1977.
of 7 July 1977 concerning in particular the
preparation of the public budgets for 1978 ; whereas,                                       For the Council
in accordance with that Decision, the Member
                                                                                              The President
States shall pursue economic policies in conformity
with the guidelines on the preparation of the public                                            G. GEENS
(x)  OJ No L 63, 5. 3. 1974, p. 16.
(2)  OJ No L 330, 24. 12. 1975, p. 52.
(8)  OJ No C 299, 12. 12. 1977, p. 36.
(4)  Opinion delivered on 27 October 1977 (not yet
    published in the Official Journal).
(5) OJ No L 204, 10. 8. 1977, p. 6.