Database on German and European Economic Law

 Regulation (EC) No 332/2002

I. Description

The introduction of the single currency has led to a substantial reduction in the number of Member States eligible for the instrument. A downwards  revision of the present ceiling of EUR 16 billion is therefore justified. The loan ceiling must, though, be kept at a sufficiently high level in order to satisfy properly the simultaneous needs of several Member States. A reduction in the loan ceiling from EUR 16 billion to EUR 12 billion seems apt to  meet
this need.

II. General Information

Title

Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States' balances of payments

Status
Existing
Regulation
(EC) No 332/2002
Source
O.J. EC No L (Legislation), Edition 53, Year 2002, p.1
Adoption
02/18/2002
Promulgation
02/23/2002
Character
Regular Act
Legal Basis
Art. 308 EC
Legislative Procedure
Consultation procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States' balances of payments

  (EC) No 332/2002

Beschluss:
02/18/2002 (A)
Verkuendung:
02/23/2002 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
09/06/2001
Report of the European Parliament - 1st reading
O.J. EC No. C, Ausgabe 72 E, Jahr 2002, p. 237
03/09/2001
Proposal
O.J. EC No. C, Ausgabe 180 E, Jahr 2001, p. 199

Legend

Legislative Act Status

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Overview

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