No L 14/14 Official Journal of the European Communities 18. 1. 78 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 19 December 1977 amending Decision 71/143/EEC setting up machinery for medium-term finan- cial assistance (78/49/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Articles 103 and 108 thereof, Having regard to the report from the Monetary Committee of 15 November 1977, Having regard to the proposal from the Commission, Whereas the detailed rules for granting medium-term financial assistance should be altered so as to improve financial solidarity between the Member States ; Whereas for this purpose the Member States’ commit- ment ceilings should be doubled and, at the same time, the rules governing the conditions to be attached to the assistance and to the supervision of the agreed conditions should be altered; whereas, more- over, the commitment ceilings and the operations granting assistance should henceforth be expressed in European units of account, HAS ADOPTED THIS DECISION : Article 1 Council Decision 71/143/EEC of 22 March 1971 setting up machinery for medium-term financial assis- tance ('), as last amended by Decision 75/78S/EEC (?), is hereby amended as follows : () OJ No L 73, 27. 3. 1971, p. 15. (2) O] No L 330, 24. 12. 1975, p. 50. 1. Article 3 shall read: ‘Article 3 1.  When mutual assistance is granted the . Council shall, acting in accordance with the proce- dure laid down in Article 1 (1), determine what undertakings aimed at restoring internal and external economic equilibrium  the recipient Member State must enter into, taking account of the quantitative guidelines on medium-term economic policy, and shall fix the amount and terms of credit, in particular its duration and the rate of interest which it shall bear. Normally no Member State may draw more than 50 % of the total credit ceilings. 2. To ensure compliance with the conditions of economic policy, resources made available should, so far as possible, be paid in successive instalments, the release of each instalment being conditional on a review of the results obtained when compared with the targets set in the Decision granting the assistance. The Council shall, acting in accordance with the procedure laid down in Article 1 (1), decide on the release of instalments. 3. On the initiative of the Commisston or any Member State, the Council shall, acting in accor- dance with the procedure laid down in Article | (1), decide that a Member State which is a debtor in respect of medium-term financial assistance shall repay in advance the debt owed either in full or in