93/716/EC: Council Decision of 22 November 1993 on the statistical data to be used for the determination of the key for the financial resources of the European Monetary Institute

COUNCIL DECISION of 22 November 1993 on the statistical data to be used for the determination of the key for the financial resources of the European Monetary Institute (93/716/EC)
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 16.1 and 16.2 of the Protocol on the Statute of the European Monetary Institute annexed thereto,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the European Parliament (2),
Having regard to the opinion of the Committee of Governors,
Having regard to the opinion of the Monetary Committee,
Whereas the European Monetary Institute, hereinafter referred to as 'the EMI', will be established on 1 January 1994;
Whereas the EMI will be endowed with its own resources;
Whereas the size of the resources of the EMI will be determined by the Council of the EMI;
Whereas the resources of the EMI will be provided out of contributions by national central banks in accordance with the key referred to in Article 16.2 of the Protocol on the Statute of the EMI;
Whereas the key for the financial resources of the EMI will be determined before the start of the second stage;
Whereas the statistical data to be used for the determination of the key will be provided by the Commission in accordance with the rules adopted by the Council;
Whereas the rules adopted by the Council in this Decision do not constitute a precedent for other legal acts which the Council could adopt in other areas;
Whereas the nature of and sources for the data to be used and the method of calculation of the key must be defined;
Whereas Council Directive 89/130/EEC, Euratom of 13 February 1989 on the harmonization of the compilation of gross national product at market prices (3) introduces a procedure for the adoption by Member States of data on the gross domestic product at  market prices; whereas the Member States must take all the necessary steps to ensure that that data is transmitted to the Commission,