EUR-Lex - 31978D1041 - EN

Article 1

Council Decision 71/143/EEC of 22 March 1971 setting up machinery for medium-term financial assistance (1), as last amended by Decision 78/49/EEC (2), is hereby amended as follows: 1. Article 1 (2) shall read as follows:

"2. This obligation shall apply until 31 December 1980."

1. The first sentence of Article 3 (5) shall be replaced by the following:

"The claims and obligations arising from the implementation of mutual assistance shall be expressed in ECU as defined in Article 1 of Regulation (EEC) No 3180/78 (3)."

1. The first sentence of Article 5 (2) shall be replaced by the following:

"Where refinancing takes place from outside the system, the debtor State shall agree that its debt, originally denominated in ECU, shall be replaced by a debt denominated in the currency used for the refinancing." (1)OJ No L 73, 27.3.1971, p. 15. (2)OJ No L 14, 18.1.1978, p. 14. (3)See page 1 of this Official Journal.

1. The Annex shall read:

"ANNEX

The ceilings for credits provided for in Article 1 (1) of this Decision shall be as follows: >PIC FILE= "T0012862">

Article 2

This Decision is addressed to the Member States.

The Member States shall complete any necessary internal procedures for the implementation of this Decision not later than 30 June 1979. In the meantime, Member States which still need national legislation shall make their extended medium-term quotas available by an interim financing.

Done at Brussels, 21 December 1978.

For the Council

The President

Otto Graf LAMBSDORFF