# Council Decision of 16 February 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania (2010/183/EU)

EU Decision 2010/183 · adopted 16 March 2010

Council Decision of 16 February 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania (2010/183/EU)

## Introductory text

Council Decision
of 16 February 2010
amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania
(2010/183/EU)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States’ balances of payments and in particular Article 5, second subparagraph, in conjunction with Article 8 thereof,
Having regard to the proposal from the Commission made after consulting the Economic and Financial Committee (EFC),
Whereas:
(1)
By Decision 2009/458/EC, the Council granted mutual assistance to Romania and by Decision 2009/459/EC, the Council provided medium-term financial assistance for Romania.
(2)
The scope and intensity of the economic recession affecting Romania calls for a revision of the economic policy conditions foreseen for the disbursement of the instalments of the financial assistance with a view to taking into account the impact of the larger-than-expected contraction of real GDP.
(3)
Decision 2009/459/EC should therefore be amended accordingly,
HAS ADOPTED THIS DECISION:

## 1 

Decision 2009/459/EC is hereby amended as follows:
1.. in Article 3(5), point (a) shall be replaced by the following:
(a) ‘implementing a clearly set medium-term fiscal programme so as to bring the general government deficit below the Treaty reference value of 3 % of GDP with a time-frame and a consolidation path which are consistent with the Council recommendations to Romania adopted under the excessive deficit procedure.’;
2.. in Article 3(5), point (b) shall be replaced by the following:
(b) ‘adopting and implementing annual budgets for 2010 and beyond, consistent with the consolidation path set out in the Supplemental Memorandum of Understanding.’.

## 2 

This Decision shall take effect on the day of its notification.

## 3 

This Decision is addressed to Romania.

## 4 

This Decision shall be published in the Official Journal of the European Union.

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Source: https://www.legislation.gov.uk/eudn/2010/183 (the official version)
Page: https://openlegislation.uk/eu-decision-2010-183
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.