ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(79)432
Vol.1979/0151

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COMMISSION
DES
COMMUNAUTES EUROPEENNES
SecrétariatgénéralCOM(79 )432 final
Bruxelles,le18juillet 1979
DOCUMENT INTERNE
Wl±
PROPOSITION DEDECISION DUCONSEIL
PORTANT APPLICATION DUREGLEMENT (CEE )N° /1979
DUCONSEIL RELATIF ALABONIFICATION DECERTAINS
PRETS AVOCATION STRUCTURELLE :DESIGNATION DES
ETATS MEMBRES MOINS PROSPERES
(présentée par laCommission auConseil )
/
>
COM (79)432 final

EXPLANATORY NOTE
Thedraft Council Regulation (EEC)concerning interest rate
subsidies for certain loans ofastructural nature -trans­
mitted totheCouncil bytheCommission on9February 1979
(C0M)(79)31 final )-"lays down inArticle 2that theCouncil
istodesignate themember state orstates benefitting from
themeasures set out inArticle 1oftheRegulation .
Thelatter stipulates that loans made bytheEuropean Invest­
ment Bank orthe New Community Instrument for investment
projects within theless prosperous member states ofthe
Community may benefit from aninterest rate subsidy chargeable
tothebudget oftheEuropean Communities insofar asthose
states participate effectively andfully intheworking ofthe
European Monetary System .
Among themember states participating effectively andfully
inthesaid System ,Ireland and theRepublic ofItaly must be
considered less prosperous states ,and itistherefore pro­
posed toapply tothem thebenefit ofthemeasures resulting
from theRegulation inquestion .

PROPOSAL FOR ACOUNCIL DECISION TOBRING INTO FORCE
COUNCIL REGULATION (EEC)No . /1979
THECOUNCIL OFTHEEUROPEAN COMMUNITIES ,
Having regard totheTreaty establishing theEuropean Economic
Community ,
Having regard toCouncil Regulation (EEC)No . /1979 of
1979 concerning aninterest rate subsidy forcertain
loans *made within theframework oftheEuropean Monetary System (l),
and inparticular Article 2thereof ,
Having regard totheproposal from theCommission ,
Whereas Article 2ofCouncil Regulation (EEC)No . /1979 lays
down that theCouncil shall designate themember state orstates
benefitting from themeasures setout intheRegulation ;
Whereas Article 1ofCouncil Regulation (EEC)No . /1979
requires that inorder tobesodesignated member states must at
the same time participate effectively and fully intheworking of
theEuropean Monetary System andbeconsidered asless prosperous ;
Whereas Ireland and theRepublic ofItaly fulfil this double
condition ,
HAS DECIDED :
Sole article
Ireland andItaly shall benefit from themeasures setout in
Regulation (EEC)No . /1979 .
Done atBrussels , 1979 FortheCouncil
The President
(1)0J