Announcement Regarding the Corrective Mechanism for Bad Payers

30/1/1975

The Commission issues an announcement for the introduction of a “corrective mechanism”. This mechanism will concern member states which, due to adverse economic conditions, do not meet their obligations regarding the Community budget. This decision was issued as a final communiqué from the Paris summit on 9 and 10 December 1974 by the heads of state and government.

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