in
Baourakis G. (ed.).
The Common Agricultural Policy of the European Union: New market trends Chania : CIHEAM
Cahiers Options Méditerranéennes; n. 29 1998
pages 39-43
Article available on lin e / Article dispon ible en lign e à l’adresse :
--- http://om.ciheam.org/article.php?ID PD F=CI020493
--- To cite th is article / Pou r citer cet article
--- Ketsetsoglou G. Th e agrimon etary system of th e Eu ropean U n ion . In : Baourakis G. (ed.). The Common Agricultural Policy of the European Union: New market trends. Chania : CIHEAM, 1998. p. 39- 43 (Cahiers Options Méditerranéennes; n. 29)
---
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OF
G. of Agriculture,
Directorate of Agricultural and Documentation
funds,
1.
-
has always constituted an of of the Union. spite of the fact that
made to the details, it continues today to and to
same basic goals, as when it to its
* The need to sums which defined within of the
in of Account (ECU) the necessity
to this of
*
of of in so that they may notThis is achieved by
the adoption of known
* The avoidance of in flows, which will of stable
that the levels of at the same time the
avoidance, at dl costs, of negative effects on the incomes of in
in of
developments.
The basic goals of at one time achieved though the application of a system of
1969-1992) and with the application of 1984-1994), and at
of continuous adjustment of
of the of of
1993 up
2.
The unit of account in s u m s
the ECU. sum total of the amounts of the 12 its
is on the basis of of
is obvious that of the ECU
of on a day-to-day basis.
of the employment of
of the ECU not and this
in conjunction with the using the
following method
a) month has three basic reference periods 1st to the the
11th to the 20th, and the 21st to the last day of the month.
is calculated as of ECU
put into 1st day
it is calculated.
b) as of the
Eate on the basis of
= X
* the
1 ECU = 300 1 ECU = 290
= X (1-300/290)=
-
3.44827 %*
1 ECU = 1.85898 ECU = 1.94962
= X (1-1.85898/1.94962) = i- 4.649 %
c) The applied:
When the of a than 2%
of a 3% no adjustment is made to €he
The composition of the in 1994 was follows:
3.43 1 0.1976 0.6242 0.6242
1.44 6.885 PTA 1.332 €F 0.008552 IF&
151.8 0.2198
1.393 ESC 0.08784
40
total gap (margin) of 5
-
2% to + 3 %.
When the negative gap of a than 2%,
is adjusted so that it until it than 2%, on the basis of the
=
RMR
Example: = 300
= 1.5
300 (l-1.5/100) = 295.5
put into application at the beginning of
-
2 % up to + 3 %) is moveable, that is, it can be moved within the of O % to + 5 %. This means when one a gap, e.g. of+
4.5 %, noadjustment to is if is
-
1.5 %, since the sum total. of these two is 6 than 5the with the negative gap adjusts its gap, so that the total gap
of the two than 5 the above example the negative
gap of
-
1.5 % will become-
0.75 % and since+
4.5 % and-
8.75 % > 5 % will be a new adjustment to-
0.75 %/2 =-
0.375 %, so that + 4.5-
(- 0.375 %> = 4.875 % < 5 %.of a
& a n
+ 5 % the gap is not at the end of it is followed instead by the so-called are
of ten days; dl that happens is the nullification of any negative gaps, if they at the end of
OF GAPS
OF
to
and thus the nil. When the
of a ECU
which has as its consequence:
Sums in ECUs at that of the exchange
of FEOGA).
applied inside the Community
of of the
inflow of to the Community level.
in cases of of
if a in is
that t h i s is “sensible”, the Council convenes in to decide upon
in view of in
in adopted to time of
4. EVENTS”
Given that the
as to into of a
in
The at the moment when the economic goal of
to at the moment when of to the
the case of levies this is the date of acceptance of the in the case of competitions it is the final day on
sheep/goat meat it is the last day of the grain it is the day of
With the beginning of the stage of on l s t
,
1999, it will to define stable and
and which wlli ECU.
wllino of
System and it must be abandoned. to the existing ones will have to be not be in this stage of the Union.
42
ANNEX
in
(EEC) No. 3813/92 on the unit of account and the
the of (OJ No. L
387,31.12.1992, p.1).
Amended by:
(EC) No. 3528/93 (OJ No. L 320,22.12.1993, p.32) (b) No. 150/95 (OJ No L. 22, 31.01.1995, p.1)
2. rules of application
No. 1068/93 of 30 on
(OJ No. 108,01.05.1993, p. 106).
Amendedby:
No. 567/94 (OJ No. 69,12.03.1994, p l ) (b) (EC) No. 157/95 (OJ No, L 24,01.02.1995, (c) (EC) No. 1053/95 (OJ No. L 107,12.05.1995, p.4)
(EC) No. 2853/95 (OJ No. L 299,12.12.1995, p.1)
3. aid
(EC) NO 1527/95 of 29 June in
of (OJ No. L 148,30.06.1995, p.1)
(EC) No 2611/95 of the possibility of national
in of
movements in (OJ No. L 268,10.11.1995, p.3) (EC) No. 2990/95 of 18
in the 1 July 1006 (OJ No. 312,
23.12.1995, p.7)
(EC) No. 2921/95 of 18 laying d o m
in (OJ No. L 305,19.12.1995,
p.60) amended (EC) No 459/96 (OJ No. L 64,14.03.1996, p.12)
