CELEX: 51980PC0691
Language: en
Date: 1980-11-12
Title: Proposal for a COUNCIL REGULATION (EEC) compensating Greece for its contribution to the cost of the financial mechanism and the supplementary measures for the United Kingdom (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (80) 691
Vol. 1980/0219
 ---pagebreak--- Disclaimer
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concernant l'ouverture au public des archives historiques de la Communauté économique
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p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003
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In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983
concerning the opening to the public of the historical archives of the European Economic
Community and the European Atomic Energy Community (OJ L 43, 15.2.1983, p. 1), as
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file have been declassified in conformity with Article 5 of the aforementioned regulation.
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom 1.
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Wirtschaftsgemeinschaft und der Europäischen Atomgemeinschaft (ABI. L 43 vom 15.2.1983,
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                < .
                                                                    COM(80 ) 691 final .
                                                                    Brussels , 12 November 1980
          >,                   Proposal for a
                         COUNCIL REGULATION ( EEC )
compensating Greece for its contribution to the cost of the financial
   mechanism and the supplementary measures for the United Kingdom
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              ( submitted to- the Council by the Commission )
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C0M(80 ) 691 final .
 ---pagebreak---                           Explanatory Memorandum
On 23 September 1980 the Council ( Budget ) endorsed the agreement reached
by the' Council of Ministers ( Foreign Ministers ) meeting on 29 and 30 May
that payments be made to the United Kingdom so as to reduce its net
contribution to the 1981 Community Budget *      Paragraph 4 of the Conclusions
of the C®uncil specifies that the cost shall be borne by the other eight
Member States .   It is therefore necessary to compensate Greece for its con­
                                                                    - . 1
tribution to this expenditure , which is entered in the Draft . Budget for
19H1 .
                                  . < -
Article 127 of the Act of Accession of 28 May 1979 already provides for part
of the Greek contribution to be refunded ( 70$ in 1981 , 50$ in 1982 , etc .).
A legal basia must not* be produced for the additional repayments .       The
Commission ) therefore , proposes the . follpwing Regulation .
 ---pagebreak---                                     - 2 -
                                PROPOSAL FOR A
                           COUNCIL REGULATION ( EEC )
compensating Greece for its contribution to the cost of the financial
mechanism and the supplementary measures for the United Kingdom
THE COUNCIL OF THE EUROPEAN COMMUNITIES ;
Having regard to the Treaty establishing the . European Economic Community ,
and in particular Article 235 thereof ;
Having regard to the proposal from the Commission ;
Having regard to the opinion of the European Parliament ;                                  f
Having regard to the opinion of the Court of Auditors ;                                      i
                                                        1      .        ...         2  .   !
Whereas , under Council Regulation ( EEC ) No 2744 / 80
                         '
                                                            and ( EEC ) No 2743 / 80 ,     i
                                                                                           ι
Community budget funds are to be spent provisionally on assisting the
United Kingdom economy with a view to promoting the convergence of                          ;
Member States * economies ;
Vlhereas the Greek economy should not be required to bear any of the cost
of the provisional measures in respect of 1980 to assist the United King–                   j
dom economy; whereas the Hellenic Republic should therefore receive a                        j
repayment corresponding to the increase in its 1981 Budget contribution
to finance the measures in favour of the United Kingdom in respect of                        |
1980;                                             _                                          I
                       .     -                        .   "                                  i
                                                                 . . '                        1
HAS ADOPTED THIS REGULATION :                                                                 j
                                                                                              I
                                                                                              i
         ■
                                     Article 1                              •-                j
The Hellenic Republic shall receive the additional refunds necvja^ary to
compensate it for the additional financial burden falling upon it as a result of
the payments to be made to the United Kingdom from the 1981 Budget in
respect of measures taken in 1980 under Regulation ( EEC ) No 2744 / 80 and
( EEC ) No 2743 / 80 .
  0J  No L
20J No L
                                                                                         9
 ---pagebreak---                                        - 3 -
                                                                       Χ
                                                                     I
     y
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                                     Article 2
The refunds specified in Article 1 shall be made provided that parents are
made to the United Kingdom from the 1981 Budget under Regulations ( EEC ) No
2744 / 80 and ( EEC ) No 2743 / 80 .
                                     Article 3
During the first month after the end of each quarter the Commission shall
calculate , in the      Greece of the implementation of the I98I Budget , the
amount of the refunds due to the Hellenic Republic from the budget and shall
make the corresponding payments .
                                     Article 4
This Regulation shall enter into force on 1 January 1981 •
'Itiis Regulation shall be binding in its entirety and directly applicable
in all Member States .
 ---pagebreak---                           Financial Statement
Assuming that the UK net contribution in 1900 will be 1 7&4 m KUA , the
patient to Greece from the 1981 Budget as a result of this Regulation
will be 7*1 ni KUA . This figure is explained in paragraph 5*1 of the
Introduction to Volume 7A of the Preliminary Draft' Budget for 198l »