Proposal for a COUNCIL DECISION amending Decision 2003/76/EC establishing the measures necessary for the implementation of the Protocol, annexed to the Treaty establishing the European Community, on the financial consequences of the expiry of the ECSC Treaty and on the Research Fund for Coal and Steel
This document provides an overview of a Commission proposal to recycle unused, de-committed funds to cover a gap in the size of a research fund for coal and steel companies.
the Research Fund for Coal and Steel (RFCS) is a self-sustaining fund, which supports R&D in the coal and steel sectors. The RFCS was created in 2002, on the expiry of the 1951 Treaty of Paris that created the European Coal and Steel Community (ECSC). The expiry of the Treaty led to the liquidation of the ECSC. Upon liquidation, ownership of the assets of the ECSC would have reverted to the Member States. Through a Council Decision on 27 February 2002, the Member States instead agreed to use those assets to establish the RFCS to support research in the coal and steel sectors, previously one of the roles of the ECSC.Funding of research projects for Coal and Steel are decreasing at a substantial rate from one year to the next due to the quantitative-easing-policy led by the European Central Bank combined with the security principle that governs the management of the assets of the European Coal and Steel Community in liquidation. This is leading to a situation where the critical level of funding for organising an annual call for proposals may not be met.