74/122/EEC: Council Decision of 18 February 1974 setting up an Economic Policy Committee

COUNCIL DECISION  of 18 February 1974  setting up an Economic Policy Committee  (74/122/EEC)
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 145 thereof;
Having regard to the draft by the Commission;
Having regard to the Opinion of the European Parliament;
Having regard to the Opinion of the Economic and Social Committee;
Whereas coordination of short-term economic policies must take account of the jointly defined medium-term economic objectives;
Whereas budgetary policy must fit into the context of general economic policy;
Whereas the existence of three separate Committees operating in the field of general economic policy is therefore prejudicial to the efficient coordination of economic policies and has often led to overlapping of responsibilities and duplication of work;
Whereas it is therefore necessary to merge the activities of the Short-term Economic Policy Committee, the Budgetary Policy Committee and the Medium-term Economic Policy Committee into a single Economic Policy Committee,