Council Regulation (EEC) No 1179/90 of 7 May 1990 amending Regulation (EEC) No 1678/85 fixing the conversion rates to be applied in agriculture

COUNCIL REGULATION (EEC) N°  1179/90
of 7 May 1990
amending Regulation (EEC) No 1678/85 fixing the conversion rates to be  applied in
agriculture
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of  account and the conversion rates to be applied for the purposes of the common agricultural policy  (1), as last amended by Regulation (EEC) No 1636/87 (2), and in particular Article 2 (3) thereof,
Having regard to the proposal from the Commission (3),
Having regard to the opinion of the Monetary Committee,
Whereas the representative rates currently applicable were fixed by Regulation (EEC) No 1678/85  (4), as last amended by Regulation (EEC) No 982/90 (5);
Whereas new agricultural conversion rates closer to economic reality should be set, taking into  account the rates
laid down for the 1990/91 marketing years, pursuant to the automatic dismantling  of monetary divergences created by the realignment of 5 January 1990;
Whereas account must be taken in adjusting these rates of their impact, on prices in particular,  and of the situation in the Member State concerned,