Database on German and European Economic Law

 Regulation (EU) No 1312/2011

I. Description

The sustained financial and economic crisis is increasing the pressure on national financial resources, as Member States are reducing their budgets. In this context ensuring a smooth implementation of rural development programmes is of particular importance as a tool for providing financial assistance to the real economy.

Nonetheless, the implementation of the programmes is often challenging as a result of the liquidity problems resulting from budget constraints. This is particularly the case for those Member States which have been most affected by the crisis and have received financial assistance under a programme from the Balance of Payments (BoP) mechanism for non EURO countries or from the European Financial Stabilisation Mechanism (EFSM) for the EURO countries. To date, six countries have requested financial assistance under these mechanisms and have agreed with the Commission a macro-economic adjustment programme. Hungary has received financial assistance from 2009 but has exited the support mechanism in 2010. The remaining five countries are Romania and Latvia under the BoP and Portugal, Greece, and Ireland under the EFSM, hereafter called "programme countries.

II. General Information

Title

Regulation amending Council Regulation (EC) No 1698/2005 as regards certain provisions relating to financial management for certain Members States experiencing or threatened with serious difficulties with respect to their financial stability

Status
Repealed
Regulation
(EU) No 1312/2011
Source
O.J. EU No L (Legislation), Edition 339, Year 2011, p.1
Adoption
12/19/2011
Promulgation
12/21/2011
Character
Regular Act
Legal Basis
Art. 42, 43 AEUV
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Regulation amending Council Regulation (EC) No 1698/2005 as regards certain provisions relating to financial management for certain Members States experiencing or threatened with serious difficulties with respect to their financial stability

  (EU) No 1312/2011

Beschluss:
12/19/2011 (A)
Verkuendung:
12/21/2011 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
10/27/2011
Opinion of the European Economic and Social Committee
ABL 2012/C 24/83
08/01/2011
Proposal
COM(2011) 481 final

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Regulation (EC) No 1698/2005

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Legal Impact