Statements

STATEMENT

On maximum amounts and the need for a legal basis

(Second subparagraph of paragraph 7)

The institutions confirm their support for the three principles listed in Chapter IV paragraphs 3(b) and (c) of the Joint Declaration of 30 June 1982 concerning maximum amounts and the need for a legal basis and they undertake to improve application of these principles.

STATEMENT

On the redeployment of expenditure in the event of a revision of The financial perspective

(Second subparagraph of paragraph 13)

The Council and the Commission consider that, as a general rule, a revision should involve a redeployment of at least ECU 10 million or 10% of the new expenditure. The Commission will take due account of this in its proposals.

STATEMENT

On the EAGGF Guarantee Section and loan guarantees

(Fourth subparagraph of paragraph 13)

The institutions note that, if the agricultural guideline is exceeded as a result of monetary realignments under the European Monetary System and if insufficient appropriations are available in the reserve referred to in paragraph 15(a), appropriate steps to fund the EAGGF Guarantee Section will be taken by the Council.

They would also point out that the risks in connection with loan guarantees are covered by the Loan Guarantee Fund and by any amount available in the reserve referred to in paragraph 15(b). If these facilities do not fully cover a default, the institutions note that, in the absence of a sufficient margin under the ceiling for heading and a transfer from the budgetary headings relating to cooperation with the defaulting country, the Council will adopt appropriate measures to cover the Community's debt.

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