The new Ice1andic De1 age gation, of course, appreci ated t he fri end1 y feelings regarding E

ts from Austria, Greace and Chicken, during the 1ts 143rd Appointment cn 30th June The decision concerni ng Ice1and had e nvi saoed an offer regarding

step one.5 mi11ion t o Ice1and f ar t he months J u1y-e big date b1ocking Iceland’s qu ota i n Age.P.U. The fresh Counci1 got deferred cor.s ideration out of t their deci s i into the. C.An excellent. as well as the Controlling Board away from Elizabeth.P.U. inside a beneficial cknow1 elizabeth dging Ice1andls status since a great structura1 debt otherwise, but the Ice1andic Bodies got grave doubts on whether the amount proposed wou1d be adequate t o tide Frost 1and aver the three days months into the journey ion. There have been two reasoned explanations why for this nervousness:- ( we ) (ii ) OvJing t o this new seasona1 chara(;ter of Iceland’ s exports, the period concerned – and you can especia11y the fresh months out of J u1y and you may August – are a1ways particu1ar1y difficu1t to possess Ice1and 1 s ba1ance regarding money. This new partia1 1ibora1isation away from We ce1and step 1 s imports inside the Apri got triggered, nnd wou1d for a time to come keep t O trigger, re1at1ve1y high imports of many goods t cap ended up being 1i bera1ised. It had been fe1t so it wou1d become diff 1cu1t t o f orete11 the brand new e xact number need.ed f or perhaps the bui1ding 1p out of norma1 change brings out-of the latest products concerned and you can, beaause of t he sood determine out of liber nlisation, t he Icel andic Goverrunent would-be really re1uctant so you can ‘ enjoys t o retract t hese procedures. / / /

C. Good

55 – step three – C /Meters (51) twenty seven ( Professional v. ) Howe ver, just after examining the condition carefully, their Government had authorised the fresh Icelandic Delegation t o deal with the new draf t finished during the paragra)h cuatro from the suggestion of one’s J oint Exchange and you may costs Commi ttee. New Icelandic Regulators should do everything in its electricity t o generate elizabeth nds meet wi thi n the latest f ramewor k wh

t brand new Controlling Panel off E. P.U., the brand new E. together with Counc i l wauld, inside the due path, just take with the friendly c o ns l

rati o n a credit card applicatoin t o l ift new clogging of your Icelandic quota for the Elizabeth.P. U. c.Good. try pleased t ha t this new Govr=rnment_o.l’ Ice1and deal with ed brand new agreements envisa6ed in the draf t Counc>l Decision from the Annex IV t o C(51)214. In the detarmining t he f igure w

we ch tt got recommended for the fresh interim credi t, the brand new Elizabeth. got a t tempted to capture cautiously into consideration each one of this new considerations br ought t o the desire because of the t he Associate out of Iceland. On such basis as present i n formation christianmingle dating, E. C.A good. wished and you will bel ieved t cap thi s special meantime credj t, i n combinati.to your wtth other resour ces on di sposal out-of

the guy Bodies of I celand, create prove enough for its requi roentgen age me nts. Brand new Age. , needless to say, endured ready all the time t o comment, t ogether wi t h the latest Mana ging Bcard, people demand one to mi ght be placed t o the fresh new Board inside connecti into the, in the event Elizabeth. hoped that it woul d not necessari t o unbl ock the fresh quota. The fresh new CO\JNCIL ( l

The fresh Associate towards All of us mentioned that Elizabeth

You ) accompanied t he dra ft Council endment to help you paragraph cuatro prop osed by t he J oint Change good nd Payments Panel in the C(51)218.

ase attach t his piece to the minut (‘ f:l i::;su0d into 231 d..fuly, around.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, M we nu t parece o f t h age.=step one:!litll_j:step one