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The Unacceptable Situation and the Correcting Mechanism. COM (75) 40 final, 30 January 1975

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  • Communication
  • Economics


COMMISSONOF THE EUROPEAN COMMUNITIES COM(75) 40 Brussels, 30 January 1975 THE UNACCEPTABLE SITUATION AND THE CORRECTING MECHANISM (Commission communication to the Council) THE UNACCEPTABLE SITUATION AND THE CORREGTDfG MECl1ANISM ' (Commission communication to the Council) In the coIJ1I\'IlUlique issued following the Summit meeting in Paris on 9/10 December 1974, the Cor;Ju'1:lA:;.'li-;;y Institutions (the Council 'and Commission) were invited "to set ';,;.:;.J as SOO~as possible a correcting mechanism of a general applicatio~'1 \' , in J,;he fraJ:eTrlOrk of the system of ' ownresouI"oes and in harmony with its normal functioning, based on objective criteria and taking into consideration in particular the suggestions Inade to this effeo~- by the British Gover"11Illent , could prevent during the period of convergence of the economies of the fJIember States the :i;)ossible development of situations unacceptable for a Member State and incompatible with the smooth working of the Community". The Heads of Goverrnnent confirmed that "the system of ' own resources represel1ts one of the fundamental elements of the economic integration of the Community , and recalled the Community declaration during the aooession negot- iations that "if unacceptable situations were to arise the very life of the Community would make it imperative for the Institutions to find e~itable solutions " . The Commission here sets out , in the light of these teA-ts,. the approach it feels should be adopted in devising a correcting mechanism to prevent the possible development of "~unacceptable situations incompatible with the smooth working of the Community rIRAT CONSTITUTES AN "UNACCEPTABLE SITUATION INCOMPATIBLE rIITH THE SMOOTH \-/ORKING OF TfIE CONI,ruNI'l'Y" Paragraph on which the the possible 37 of the Paris Communique refers to objective criteria correcting mechanism must be based and which must define development of unacceptable situa-I;ions. The Commission has endeavou

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