Law 2101 Study Guide - Quiz Guide: Agencies Of The European Union, Treaty Of Rome, European Union Legislative Procedure
Document Summary
Council v commission (macro-financial assistance) council sought the annulment of the decision of the. Commission by which it withdrew its proposal for a regulation of the parliament and council laying down general provisions for macro-financial assistance to 3rd countries. Macro-financial assistance ( mfa") has the aim of granting financial assistance of a macro-economic nature to third countries that are experiencing short-term balance of payments difficulties. Initially, it was granted by council decisions adopted, case by case, on the basis of article 235 of the ec treaty and then of. Article 308 ec (provisions to which article 352 tfeu corresponds). Since the entry into force of the treaty of. Lisbon, mfa has been granted by decisions taken case by case, on the basis of article 212 tfeu, by the. European parliament and the council in accordance with the ordinary legislative procedure, without prejudice to the urgency procedure provided for in article 213 tfeu.
