Council Regulation (EC) No 1258/1999 of 17 May 1999 on the financing of the common agricultural policy

COUNCIL REGULATION (EC) No 1258/1999 of 17 May 1999 on the financing of the common agricultural policy THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular Article 37 thereof,

Having regard to the proposal from the Commission (1 ),

Having regard to the opinion of the European Parliament (2 ),

Having regard to the opinion of the Economic and Social Committee (3 ),

Having regard to the opinion of the Court of Auditors (4 ), (1) Whereas by means of Regulation No 25 on the financing of the common agricultural policy (5 ), the Council established the European Agricultural Guidance and Guarantee Fund (EAGGF), hereinafter referred to as the Fund', which forms part of the general budget of the European Communities; whereas that Regulation laid down the principles which should apply for the financing of the common agricultural policy;

(2) Whereas at the single market stage, in view of the fact that price systems are standardised and the agricultural policy is a Community policy, the financial consequences devolve upon the Community; whereas, in accordance with that principle as laid down in Article 2(2) of Regulation No 25, refunds on exports to third countries, intervention aimed at stabilising agricultural markets, rural development measures, specific veterinary measures as laid down in Council Decision 90/424/EEC of 26

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