CELEX: 31976D0916
Language: en
Date: 1976-11-22 00:00:00
Title: Council Decision of 22 November 1976 adopting the annual report on the economic situation in the Community and laying down the economic policy guidelines for 1977

29 . 12 . 76                             Official Journal of the European Communities                                 No L 358 / 1
                                                                 II
                                           (Acts whose publication is not obligatory)
                                                       COUNCIL
                                                     COUNCIL DECISION
                                                      of 22 November 1976
              adopting the annual report on the economic situation in the Community and laying
                                         down the economic policy guidelines for 1977
                                                          ( 76/91 6/EEC )
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                            Whereas the tripartite conference held in Luxembourg
                                                                      on 24 June 1976 discussed in depth the problem of
Having regard to the Treaty establishing the European                employment and stability in the Community, its
Economic Community,                                                   conclusions being set out in a joint statement (6),
Having regard to Council Decision 74/ 120/EEC of
 18 February 1974 on the attainment of a high degree
of convergence of the economic policies of the Mem­                  HAS ADOPTED THIS DECISION :
ber States of the European Economic Community (*),
as amended by Council Decision 75/787/EEC (2) and                                              Article 1
in particular Article 4 thereof,
                                                                     The Council hereby adopts the annual report on the
Having regard to the proposal from the Commission,
                                                                     economic situation in the Community as contained in
                                                                     Sections I, II and III of the Annex and lays down the
Having regard to the opinion of the European                         guidelines to be followed by each Member State in its
Parliament (3),
                                                                     economic policy for 1977, as shown in Sections IV
                                                                     and V of the Annex.
Having regard to the opinion of the Economic and
Social Committee (4),
                                                                                               Article 2
Whereas, in adopting Council Decision 76/646/EEC
of 26 July 1976 (5), the Council approved the analysis               This Decision is addressed to the Member States .
of the economic situation set out in the Commission
communication of 23 June 1976 concerning in
particular the preparation of the public budgets for                 Done at Brussels, 22 November 1976.
 1977; whereas in accordance with that Decision, the
Member States shall pursue economic policies in                                                              For the Council
conformity with the guidelines on the preparation of                                                           The President
the public budgets for 1977 which are specified in the
Annex to the said Decision :                                                                                W. F. DUISENBERG
(*) OJ No L 63, 5 . 3 . 1974, p. 16.
(2) OJ No L 330, 24. 12 . 1975, p . 52 .
(3) OJ No C 293 , 13 . 12 . 1976, p. 46.
(4) OJ No C 297, 16. 12. 1976, p. 3 .
(5) OJ No L 229, 20. 8 . 1976, p. 1 .                                (8) OJ No C 173 , 28 . 7. 1976, p. 1 .