[ParlTrack]

Proposal for a regulation
Article 2 – paragraph 2 – introductory part

In addition, the following definition shall apply: – 'exceptional economic circumstances‘ means circumstances where an excess of a government deficit over the reference value is considered exceptional within the meaning of the second indent of Article 126(2)(a) of the Treaty and as specified in Council Regulation (EC) No 1467/975 .deleted

2011/02/15
Committee: ECON

Wolf KLINZ, Gunnar HÖKMARK, Olle SCHMIDT

Proposal for a regulation
Article 3 – paragraph 3

3. By derogation from paragraph 2, the Commission may, on grounds of exceptional economic circumstances or following a reasoned request by the Member State concerned addressed to the Commission within ten days of adoption of the Council conclusions referred to in paragraph 1, propose to reduce the amount of the fine or to cancel it.deleted

2011/02/15
Committee: ECON

Wolf KLINZ, Gunnar HÖKMARK, Olle SCHMIDT

Proposal for a regulation
Article 3 – paragraph 4

4. If a Member State has paid a yearly fine for a given calendar year and the Council thereafter concludes, in accordance with Article 10(1) of Regulation (EU) No […/…] that the Member State has taken the recommended corrective action in the course of the given year, up to 90% of the fine paid for the given year shall be returned to the Member State pro rata temporis.

2011/02/15
Committee: ECON

3 Amendments of Wolf KLINZ related to 2010/0279(COD)

ParlTrack - 2011-2024