The European Parliament,

– having regard to the European Central Bank recommendation to the Council (13411/2008),

– having regard to Article 107(6) of the EC Treaty, pursuant to which the Council consulted Parliament (C6-0351/2008),

– having regard to Rule 51 of its Rules of Procedure,

– having regard to the report of the Committee on Economic and Monetary Affairs A6-0000/2008),

1. Approves the European Central Bank recommendation as amended;

2. Calls on the European Central Bank to alter its recommendation accordingly, pursuant to Article 250(2) of the EC Treaty;

3. Calls on the Council to notify Parliament if it intends to depart from the text approved by Parliament;

4. Asks the Council to consult Parliament again if it intends to amend the European Central Bank recommendation substantially;

5. Instructs its President to forward its position to the Council and the European Central.

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Proposed amendments to the draft report