Council Regulation (EEC) No 3557/90 of 4 December 1990 on financial aid for the countries most directly affected by the gulf crisis

COUNCIL REGULATION (EEC) No 3557/90   of  4 December 1990   on financial aid for the countries most directly affected by the Gulf crisis
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  (1),
Having regard to the opinion of the European Parliament  (2),
Whereas the Community and its Member States have decided to combine forces in order to mount an  operation to give financial aid to the countries most directly affected by the Gulf crisis and, in  particular, by strict implementation of the embargo decided on by the United Nations' Security  Council;
Whereas the Community must have the means to undertake the said operation;
Whereas the amount of Community financial resources needed to carry out this operation in 1991 has  to be estimated and whereas the definitive amounts are adopted by the budgetary authority in  keeping with the financial perspectives covering the period 1988 to 1992 attached to the  Interinstitutional Agreement of 29 June 1988  (3);
Whereas the breakdown of funds among the three countries most affected will have to be based on an  analysis of the injury suffered and take account of the contributions of all donors;
Whereas the carrying out of this operation is such as to contribute to the achievement of  Community objectives;
Whereas the Treaty does not provide, for the adoption of this Regulation, powers other than those  of Article 235,