Council Regulation (EEC) No 1327/90 of 14 May 1990 amending Regulation (EEC) No 1442/88 on the granting, for the 1988/89 to 1995/96 wine years, of permanent abandonment premiums in respect of wine-growing areas

COUNCIL REGULATION (EEC) N° 1327/90
of 14 May 1990
amending  Regulation (EEC) No 1442/88 on the granting, for the 1988/89 to 1995/96 wine years, of permanent  abandonment premiums in respect of wine-growing areas
THE COUNCIL OF THE EUROPEAN  COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article  43 thereof,
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 Economic and Social Committee (3),
Whereas Article 14 of Council Regulation (EEC) No 1442/88 (4) provides that 70 % of expenditure  borne by the Member States in granting abandonment premiums is to be reimbursed by the European  Agricultural Guidance and Guarantee Fund; whereas up till now, 50 % of that reimbursement comes  from the Guarantee Section and 50 % from the Guidance Section; whereas the rules for apportioning  the burden between the Guidance and Guarantee Sections for the following period need to be  revised;
Whereas the first period of application of the measures laid down in Regulation (EEC) No 1442/88  shows that the existing financing mechanism does not enable premiums to be paid quickly to  wine-growers since it is difficult to provide the paying agencies in the Member States with the  necessary sums, which leads to considerable delays; whereas, under these circumstances, abandonment  premiums lose their attraction to a large extent for producers and the aim of restoring balance to  the market by this means is jeopardized, particularly as the most recent information regarding the  consumption of wine is hardly encouraging; whereas everything should be done to ensure that the  anticipated results are realized in order to avoid massive intervention to absorb the surplus and  from 1 January 1990 premiums for
the permanent abandonment of wine-growing areas should be deemed  intervention intended to stabilize the agricultural markets,