ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(79)441
Vol.1979/0154

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KOMMISSIONEN
FORDE
EUROPÆISKE FÆLLESSKABER
Kommissionens SekretariatKOM(79)441 endeligudg.
Bruxelles,den30.Juli1979
INTERNT DOKUMENT
UDKASTTILRÅDETSAFGORELSE
OMÆNDRINGAFAFGORELSE77/721/EURATOM
OMGENNEMFØRELSE AFAFGØRELSE 77/270/EURATOM
OMBEMYNDIGELSE FORKOMMISSIONEN TILATOPTAGE
EURATOM-LAN MEDHENBLIKPAETBIDRAGTIL
FINANSIERINGEN AFATOMKRAFTVÆRKER
: \
O
(forelagtafKommissionen forRådet)
KOM(79)441endeligudg.

MININL A
Draft Council Decision /Euratom
amending Decision 77/271/Euratom ontheimplementation ofDecision 77/270/Euratom
empowering theCommission tocontract Euratom loans forthepurpose ofcontributing
tothefinancing ofnuclear power stations
THEcomic ILOPTHEEUROPEAN COMMUNITIES ,
-Having regard totheTreaty establishing theEuropean Atomic Energy Community ,
Having regard toCouncil Decision 77/270/Euratom of29March 1977 empowering
theCommission toissue Euratom loans forthepurpose ofcontributing to
thefinancing ofnuclear power stations ^^\andinparticular Article 1
thereof ,
Whereas the loan level of300million European Units ofAccount mentioned
(2)inCouncil Decision 77/271/Euratom hasbeen reached ,
Whereas experience indicates that itisdesirable toraise ,by 1000million
European Units ofAccount ,thetotal amount ofborrowings which the
Commission isempowered tocontract inthename oftheEuropean Atomic
Energy Community ,.
I
*
HAS DECIDED ASFOLLOWS s
Sole Article
Thesole Article ofDecision 77/271/Euratom ishereby amended to
read asfollows :
"The loans provided for inArticle 1ofDecision 77/720/
Euratom maybecontracted foramounts thetotal ofwhich shall notexceed
150Qmillion European Units ofAccount .
When the total value ofthe transactions effected reaches 1200million
European Units of .Account ,theCqmmission shall inform theCouncil ^which ,
acting unanimously ,shall decide onthefixing ofanewamount as'soon "as
possible ."
Done atBrussels ,
(Tj0J noL88of6.4.1977 ,P9
(2)0JnoL88of6.4.1977 ,P.11For the Council
The President

-2-
4.Cooperation betweenEuratomand.theEIB,regulatedbyaconvention
notedintheCouncilminutes,hasbeenverysatisfactory .Theproposalto
raisetheceilingdoesnotaffectthisrelationship regardingEuratom''loansandborrowings.
5.Inviewofthefactthat:
-387millionEUAmaybeplacedonreceiptofCouncilapproval,
-applicationsforthesumof845millionEUAareunderexamination,
-1010millionEUAisthetotalofapplications notifedandpossible,
itisappropriatetoasktheCounciltoapproveafurthertrancheof
1000millionEUA..
2249/79e

DRAFTCOUUCILDECISIONAMEKDINGDECISION271/77EURATOM
explanatory memorandum
1.On29March1977,theCounciloftheEuropeanCommunitiesadopted
Decision77/270/EuratomempoweringtheCommissiontoissueEuratomloans
forthepurposeofcontributing tothefinancingofnuclearpowerstations.
y
On29March1977,"theCouncilalsoadoptedDecision77/271/Euratom
providingthattheloansinquestionmaybecontractedforamountsthetotal
ofwhichshallnotexceed500millionEuropeanUnitsofAccountoncondition
thatwhenthetotalvalueofthetransactions effectedreaches300million
EuropeanUnitsofAccounttheCommissionshallinformtheCouncil,which,
actingunanimously ,shalldecideonthefixingofanewamountassoonas
possible.
Finally,on21/22June1979"theEuropeanCouncilconfirmedthat
ifnuclearenergyisnotdevelopedinthecomingdecades,-economicgrowth
willbenolongerpossible.Programmesforthedevelopment ofnuclear
powermustthereforebegivenanewandvigorousimpetus.Inthesecircumstances
Euratommustcontributetothispolicythroughtheuseofitsfinancing
powers.
2.On15June1979,"theloanposition ,wasas.follows:
-Loansdisbursed s320
-Loansagreedbutnotyet>effected :5^7
including loanscoveredbyDecision
77/271.:180
:loansdecidedsubjecttothere
being,afurtherEuratomtranche .387millionEUA
-Applications underexamination J845millionEUA
-vApplications notifiedandpossible :1010millionEUA
3.Onthefundraisingside,Euratombondissueshaveenjoyedconsiderable
successonthecapitalmarketsinthattheyprovideinvestorswithanother
international AAArating,thusgivingthebanksaccesstoawiderrange
ofdebtors.Thepromotersfoundagreatervarietyinthesourceoffunds
available.millionEUA
millionEUA
Ν
millionEUA