CELEX: 32010D0183
Language: en
Date: 2010-02-16 00:00:00
Title: 2010/183/: Council Decision of 16 March 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania

30.3.2010   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               L 83/19
            
         COUNCIL DECISION
   of 16 March 2010
   amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania
   (2010/183/EU)
   THE COUNCIL OF THE EUROPEAN UNION,
   Having regard to the Treaty on the Functioning of the European Union,
   Having regard to Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States’ balances of payments (1) and in particular Article 5, second subparagraph, in conjunction with Article 8 thereof,
   Having regard to the proposal from the Commission made after consulting the Economic and Financial Committee (EFC),
   Whereas:
   
               (1)
            
            
               By Decision 2009/458/EC (2), the Council granted mutual assistance to Romania and by Decision 2009/459/EC (3), the Council provided medium-term financial assistance for Romania.
            
         
               (2)
            
            
               The scope and intensity of the economic recession affecting Romania calls for a revision of the economic policy conditions foreseen for the disbursement of the instalments of the financial assistance with a view to taking into account the impact of the larger-than-expected contraction of real GDP.
            
         
               (3)
            
            
               Decision 2009/459/EC should therefore be amended accordingly,
            
         HAS ADOPTED THIS DECISION:
   Article 1
   Decision 2009/459/EC is hereby amended as follows:
   
               1.
            
            
               in Article 3(5), point (a) shall be replaced by the following:
               
                           ‘(a)
                        
                        
                           implementing a clearly set medium-term fiscal programme so as to bring the general government deficit below the Treaty reference value of 3 % of GDP with a time-frame and a consolidation path which are consistent with the Council recommendations to Romania adopted under the excessive deficit procedure.’;
                        
                     
         
               2.
            
            
               in Article 3(5), point (b) shall be replaced by the following:
               
                           ‘(b)
                        
                        
                           adopting and implementing annual budgets for 2010 and beyond, consistent with the consolidation path set out in the Supplemental Memorandum of Understanding.’.
                        
                     
         Article 2
   This Decision shall take effect on the day of its notification.
   Article 3
   This Decision is addressed to Romania.
   Article 4
   This Decision shall be published in the Official Journal of the European Union.
   
      Done at Brussels, 16 March 2010.
      
         
            For the Council
         
         
            The President
         
         E. SALGADO
      
   
   
      (1)  OJ L 53, 23.2.2002, p. 1.
   
      (2)  OJ L 150, 13.6.2009, p. 6.
   
      (3)  OJ L 150, 13.6.2009, p. 8.