ARCHIVES HISTORIQUES 
DE LA COMMISSION 
 
 
 
COLLECTION RELIEE DES 
DOCUMENTS "COM" 
 
 
 
 
COM (85) 437 
 
 
 
Vol. 1985/01 70 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this f ile is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 198 3 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom 27 .9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
O
COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General SecretariatG
COM(85) 437 f in a l  
Brussels, 26 Ju ly 1985
FOR O FFIC IA L USE ONLY
.iC lu
COMMUNICATION B Y  THE COMMISSION TO THE COUNCIL
Request fo r Council assent under the provisions of A r tic le  54, second  
paragraph, of the ECSC Treaty to the granting of a global loan to the  
I s t i t u t o  M o b ilia re  Ita lia n o  ( I . M . I . )  fo r the fin an cin g  of investment  
programmes which co n trib u te to f a c il i t a t i n g  the m arketing of Community  
s te e l
C0M(85) 437 f in a l

O
0CP o
COMMUNICATION B Y  THE COMMISSION TO THE COUNCIL
Subject: Request for Council assent under the provisions of Article 54, second 
paragraph, of the ECSC Treaty to the granting of a global loan to the 
Istituto Mobiliare Italiano Cl MI) for the financing of investment 
programmes which contribute to facilitating the marketing of Community 
steel.
I The Company
Borrower: Istituto Mobiliare Italiano
Rome
The Istituto Mobiliare Italiano was set up in 1931 to help expand and -strengthen 
the Italian economy by granting medium- and long-term loans and carrying out 
numerous other financial transactions as Laid down in its articles of association.
It is the largest italian medium- and long-term credit institution authorized to .  
operate throughout the national territory. It has ten regional offices in Italy 
and six agencies abroad.
5 0 %  of its authorized capital is held by the Cassa Oepositi e Prestiti and the 
other 5 0 %  by banks and insurance companies.

0 0
-  2 -
Beneficiaries: undertakings whose investment projects contribute to facilitating
the consumption of Community steel.
II - Procedure
The Commission will grant to the Istituto Mobiliare Italiano a global loan to 
the value of Lit 50 000 million. This loan will be disbursed over a period 
of three years, in principle, in several instalments, the terms of which will 
be laid down by the Directorate-General "Credit and Investments" in accordance 
with the characteristics of the borrowing resources utilized.
The Istituto Mobiliare Italiano will use these funds solely to finance investments 
serving to promote the consumption of Community Steel.
The Istituto Mobiliare Italiano will send the Commission annual reports on the 
progress of the work being carried out on the projects financed and on the 
consumption of community steel.
III - Conformity with the provisions of the second paragraph of Artiste 54
of the ECSC_ Treaty
In view of the serious crisis facing the steel industry, the Commission wishes to 
use all the resources made available to it under the ECSC Treaty and, in particular, 
as regards ECSC lending policies, the second paragraph of Article 54 which provides 
for the financing of investment projects which· contribute to facilitating the 
marketing of steel products.
The Consultative Committee has also emphasized the need to take measures to support 
the demand for steel and , in particular, at its 227th session (6 and 7 May 1982), 
requested the Commission
"to use the means at its disposal in accordance with the ECSC Treaty, and in 
partiular Article 54 thereof, to make a contribution to removing the present 
difficulties in the steel sector by resolute and regular encouragement of 
investment projects which have a beneficial effect on trade in the products of 
the European Steel Industry."

OQ
3 -
The global loan granted to the Istituto Mobiliare Italiano will enable it to 
facilitate the implementation of projects which conform to the abovementioned 
objectives. ·
The Commission therefore considers that the request made by this Institution 
fulfills the conditions laid down by the provisions of the second paragraph of 
Article 54 of the ECSC Treaty and those published in OJ No C 121 of 17.5.1985.
IV - Global loan
Loan requested: Lit. 50 thousand million (approximately 35 million ECU)
Loan granted:
.Observations:
Council assent:The Commission has approved in principle the granting of a 
loan of Lit. 50 thousand million (approximately 35 million ECU), 
or the equivalent of this.amount in another currency to the 
abovementioned Institution, considering that the implementation 
of this project was in accordance with the objectives laid 
down in the provisions of the second paragraph of Article 54 of 
the ECSC Treaty.
This global loan is the first loan granted to the Istituto Mobiliare 
Italiano under the provisions of the second paragraph of 
Article 54. Under the Commission,Decision of 21 December 1983 and 
with Council assent on 21 February 1984, the Istituto Mobiliare 
italiano has already received a global loan of Lit. 50 thousand 
million under the provisions of Article 56 of the ECSC Treaty.
Pursuant to the provisions of the second paragraph of Article 54 of 
the ECSC Treaty, the Commission requests Council assent to the 
granting of a global loan of Lit. 50 thousand million to the 
istituto Mobiliare Italiano, Rome, or the equivalent of this 
amount in another currency. ■