Document ID: 32012D0245

COUNCIL DECISION
of 26 April 2012
on a revision of the Statutes of the Economic and Financial Committee
(2012/245/EU)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 242 thereof,
Having regard to the opinion of the European Commission,
Whereas:
(1)
In accordance with Article 114(2) of the Treaty establishing the European Community, an Economic and Financial Committee (‘Committee’) was set up on 1 January 1999.
(2)
On 21 December 1998, the Council adopted Decision 98/743/EC on the detailed provisions concerning the composition of the Economic and Financial Committee (1).
(3)
On 31 December 1998, the Council adopted Decision 1999/8/EC adopting the Statutes of the Economic and Financial Committee (2); these Statutes were revised by Council Decision 2003/476/EC of 18 June 2003 (3) in order to ensure the continued effective functioning of the Committee after the accession of ten Member States on 1 May 2004.
(4)
The Heads of State or Government of the Member States whose currency is the euro stated on 26 October 2011 that the preparatory body referred to in Article 1 of Protocol (No 14) on the euro Group, composed of representatives of the Ministers with responsibility for finance of the Member States whose currency is the euro and of the Commission (‘the Eurogroup Working Group’), would be chaired by a full-time President. As a consequence, the person nominated to this post will cease to be an official in a national administration and will be employed by the EU Institutions.
(5)
On the same day, the Heads of State or Government of the Member States whose currency is the euro stated that the existing administrative structures providing assistance to the Council and to the Committee, namely, the General Secretariat of the Council and the Secretariat of the Economic and Financial Committee, would provide adequate support to the euro Summit President and the President of the Eurogroup, under the guidance of the President of the Committee/Eurogroup Working Group.
(6)
The Committee should be able to choose its President from among the most qualified candidates, including the President of the Eurogroup Working Group.
(7)
The Statutes of the Committee should therefore be revised,
HAS ADOPTED THIS DECISION:
Article 1
The Statutes of the Economic and Financial Committee, as set out in the Annex to Decision 1999/8/EC, as amended by Decision 2003/476/EC, shall be replaced by the text set out in the Annex hereto.
Article 2
This Decision shall enter into force the day following its publication in the Official Journal of the European Union.
Done at Luxembourg, 26 April 2012.

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