council resolut septemb measur inflat council european commun regard council resolut decemb measur inflat regard commun commiss council econom polici pursu prepar budget regard draft resolut present commiss price rise alarm speed anti inflationari measur accord resolut decemb inflat jeopard continu econom growth full employ increas distort distribut incom wealth endang establish econom monetari union measur introduc combat inflationari tendenc continu emploi strengthen concert action due regard specif situat member state adopt resolut member state pursu econom polici aim slow rise price member state high util product capac continu extend action check expans demand member state ireland itali unit kingdom endeavour ensur expans demand excess ensur polici suffici select channel resourc industri invest ii member state continu extend measur introduc section iv resolut decemb order bring substanti reduct end rate expans monei suppli monei quasimonei monetari author member state ensur expans credit restrict make measur refer set resolut decemb consum credit credit construct properti transact subject attent interest rate polici compat abovementon monetari object oj member state ensur high level save maintain encourag measur field interest rate taxat member state continu joint action prevent undesir inflow capit abroad strengthen provis set pursuant council direct march regul intern capit flow neutral undesir effect domest liquid committe governor central bank carri quarterli review trend monei suppli member state central bank adopt provis council decis council decis march strengthen cooper central bank member state european econom commun januari latest committe governor central bank monetari committe put council commiss report result achiev monetari polici implement resolut iii member state reinforc measur reduc region imbal improv structur employ refer section iii resolut decemb concert polici commun level member state endeavour direct consider proport corpor invest prefer commun area level econom develop lowest iv ireland itali budget polici measur stimul econom upsw implement jeopard move moder price increas member state appli tight budget manag half cancel budget appropri refrain project requir major addit expenditur effort ensur rate growth actual spend close guidelin laid section resolut decemb rate growth expenditur foreseen member state draft budget moder gener rule lower forese rate growth compar previou year countri past year budgetari expenditur grown rapidli gross nation product term growth expenditur case present foreseen gross nation product term net borrow requir central govern reduc member state comparison outcom expect prove imposs growth expenditur extent requir rise taxat consid achiev member state refrain thing mitig progress natur incom tax govern member state ensur half local author manag budget compat requir short term econom polici mean dispos limit expenditur reduc borrow author budget deficit financ method compat monetari polici object set member state face mark employ budget deficit financ long term borrow addit member state endeavour consolid short term debt issu long term loan capit market proce frozen central bank month budgetari polici committe examin extent implement budget accord guidelin set januari submit council commiss report result achiev public financ pursuanc resolut commun institut ensur full effect commun measur outlin section vii viii ix resolut decemb oj oj vi member state continu appli strictli nation legisl refer section viii resolut decemb regularli exchang inform short term econom polici committe result price polici concert view method solv specif problem common interest good time context short term econom polici committe give prioriti examin possibl set member state system requir enterpris exceed size notifi price increas advanc possibl increas state supervis price trend order prevent abus import market vii measur set suffici meder rise price essenti support behaviour respons economi social partner field price incom member state encourag behaviour measur viii council examin outcom programm action meet review econom situat commun schedul octob