Introductory text

United Kingdom

X1Council 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^f1 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^f2, the Council granted mutual assistance to Romania and by Decision 2009/459/EC^f3, 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:

Annotations

Editorial notes

X1: Substituted by Corrigendum to Council Decision 2010/183/EU of 16 March 2010 amending Decision 2009/459/EC providing Community medium-term financial assistance for Romania (Official Journal of the European Union L 83 of 30 March 2010).

Footnotes

f1: OJ L 53, 23.2.2002, p. 1.
f2: OJ L 150, 13.6.2009, p. 6.
f3: OJ L 150, 13.6.2009, p. 8.