THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular the first and third sentences of Article 57(2) thereof,

Having regard to the proposal from the Commission [OJ No C 229, 25. 8. 1993, p. 10.],

Having regard to the opinion of the Economic and Social Committee [OJ No C 52, 14. 2. 1994, p. 15.],

Acting in accordance with the procedure laid down in Article 189b of the Treaty [Opinion of the European Parliament of 9 March 1994 (OJ No C 91, 28. 3. 1994, p. 61), Council common position of 6 June 1994 (OJ No C 213, 3. 8. 1994, p. 29), European Parliament Decision of 26 October 1994 (OJ No C 323, 21. 11. 1994, p. 56).] in the light of the joint text approved by the Conciliation Committee on 11 May 1995,