In accordance with the fluctuation bands fixed pursuant to paragraphs 2.1, 2.3 and 2.4 of the Resolution, the ECB and each participating non-euro area NCB shall establish, by common accord, the bilateral upper and lower rates between the euro and the participating non-euro area currencies for automatic intervention.

(6a) As only a small proportion of the reduction in sugar prices will be passed on to the European consumer (1.5% for white sugar, which accounts for 70% of sugar production; 5% for raw sugar, which accounts for the remaining 30%), the reference or intervention price and the minimum price for beet should be established primarily on the basis of the trends in quantities produced, imports and consumption, in such a way as to ensure balance ...[+++] on the Community market.

The intervention price both serves as a safety net by guaranteeing a minimum price, and also acts as a market guideline: the domestic market price for cereals is fixed close to the intervention price, except in those cases where the world market price is substantially higher than the intervention price.

In the meantime, we must, at all costs, eliminate ships whose characteristics give cause for the gravest concern, and this means we must demand transparent intervention on the part of the inspection authorities, who must take measures against ships in a poor condition, irrespective of their age and structure, in line with a significant minimum target factor. We must refuse to permit ships to transit the 200-mile exclusive economic zone if they are not equipped with an IMO-compliant voyage data recorder (VDR) intended to provide information for the purposes of inquiry in the event of an accident.

(7) there should therefore be a reform of the common organisation of the market in wine to guarantee the necessary flexibility to adapt smoothly to new developments with the following broad aims: maintaining improved balance between supply and demand on the Community market; enabling the sector to become more competitive in the longer term; eliminating the availablility of intervention as an artificial outlet for surplus production; supporting the wine market and hence facilitating the continuation of supplies of wine distillates t ...[+++]o those parts of the potable alcohol sector which traditionally use that alcohol; accommodating regional diversity; and formalising the potential role of producer organisations and sectoral organisations;

It also aims to eliminate the use of intervention as an artificial outlet for surplus production, maintaining all traditional outlets for potable alcohol and vine-based products, accommodating regional diversity and recognising the role of producer and interbranch organisations.