the Bank may, in its discretion, issue a new bond and appropriate coupons in place of the bond and coupons that were destroyed, lost or stolen.

72. Asks the Troika to proceed to new debt sustainability assessments and, as a matter of urgency, to address the need to reduce the Greek public debt burden as well as the severe capital outflows from Greece, which are contributing significantly to the vicious circle characterising the current economic depression in the country; recalls that a number of possibilities exist for a debt restructuring, besides a haircut on bond principals, including bond swapping, extending bond maturities and reducing coupons; believes the different possibilities for debt restructuring should be carefully weighed;

This amendment introduces the requirement for the candidate selected by the Administration Board to be heard by the European Parliament prior to his or her appointment in order to strengthen Parliament's rights in the appointment procedure and align it with other regulations establishing other agencies, such the European Chemicals Agency, the European Medicines Agency and the European Food Safety Authority which already have already incorporated this possibility.

The competent authorities may recognise loans secured by commercial real estate as eligible where the Loan to Value ratio of 60 % is exceeded up to a maximum level of 70 % if the value of the total assets pledged as collateral for the covered bonds exceed the nominal amount outstanding on the covered bond by at least 10 %, and the bondholders' claim meets the legal certainty requirements set out in Annex VIII. The bondholders' claim must take priority over all other claims on the collateral.

The competent authorities may recognise loans secured by commercial real estate as eligible where the Loan to Value ratio of 60% is exceeded up to a maximum level of 70% if the value of the total assets pledged as collateral for the covered bonds exceed the nominal amount outstanding on the covered bond by at least 10%, and the bondholders' claim meets the legal certainty requirements set out in Annex VIII. The bondholders' claim must take priority over all other claims on the collateral.

In its common position, the Council accepted the European Parliament amendments which provide for the power of the agency to assist states applying for accession without the specific request of the Commission, the obligation of the agency to forward the findings of its visits to the Member States, not only to the Commission but also to the Member State concerned, the purely consultative role of the Commission in the adoption by the ...[+++]administrative board of the agency's work programme, the obligation to appoint members of the administrative board on the basis of their degree of relevant experience within the remit of the agency, the obligation of the executive director to respond to any requests for assistance from a Member State, the power of the administrative board to appoint or dismiss the executive director, with the Commission entitled to propose candidates who need not necessarily be appointed, and the concern to combat fraud.