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COM (83) 766 
 
 
 
Vol. 1983/0 270 
  
 
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.  
COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General SecretariatC O M(83) 766 fin a l 
Brussels, 2 1  December 1983
FO R  OFFICIAL U S E  ONLY
C O M M U N IC A T IO N  F R O M  T H E  C O M M IS S IO N  T O  T H E  C O U N C IL
Request for assent, pursuant to A rticle 56 2(a) of the E C S C  Treaty 
to the granting of a  global loan to the Is titu to  Mobiliare Italiano
(Ita ly)
COM(83) 766 final

Communication to the Council
Subject :  Request for assent, pursuant to A rticle 56 2a) of the E C S C  Treaty
to the granting of a  global loan to the Is titu to  Mobiliare Italiano 
(Ita ly ).
I. FINANCIAL IN T E R M E D IA R Y
No. 393
Appli cant : Is titu to  Mobiliare Ita lia n o
Registered Office R om e
Shareholders : Cassa Depositi e  P re s titi
Is titu to  Nazionale Assicurazioni, 
Banks and insurance companies
I I .  RECIPIENTS: Small and medium concerns
(over the whole national te rrito ry )
Field of Activity of
recipientsIndustrial, handicraft and service activities

«
-  2 -
I I I .  T H E  P R O J E C T
Procedure ; The Commission w ill grant f c  50,000 m illion '(+  37 MioECU)
to the Is titu to  Mobiliare Italiano« This decision w ill 
be implemented by concluding an agreement within which 
framework payment w ill be m ade by instalments« Subsidiary 
loans w ill be approved by the relevant departments of 
the Commission«
The rate of interest, applicable to each payment, w ill 
be granted with rebate to subsidiary loans«
The global loan, with a  life  of 3  years, w ill contribute 
to financing small and medium handicraft concerns and 
small and medium industries throughout the national 
territory«
*  The Is titu to  Mobiliare Italiano w ill send annual reports
to the Commission on the use m ade of borrowed funds«
The Bank w ill also report annually to the Commission 
on the subject of jobs created and fille d  and on the 
number of former E C S C  workers re-employed«
Total amount of
investment : at least f c  100,000 m illion (_ ^  74 M ioECU)
IV. T H E  R E G IO N
Project location : The areas most affected by steel restructuring are
those of Val d'Aosta, Sesto E„ Giovanni, Brescia , 
Alessandrie, Turin, Novara, Friuli-Venezia G iu lia .
Unemployment rate : 9«9 4 (October 1982)
National aid status of
project area : Aided areas«
The ECSC industry has been and still is 0ne of the main employers in the above
mentioned areas.

- 3 -
V. C O N F O R M IT Y  W IT H  ARTICLE 56 2a) O F  T H E  E C S C  T R E A T Y
E C S C  redundancies in 
project area
(1977-1982):  23,000
Jobs to be created 
by the project : 1,800
Training : Assured, if  necessary, by Local organisations and
Loan recipients
The Commission considers that the application complies with Article 56 2a) 
of the E C S C  Treaty.
VI. G L O B A L  L O A N
Loan applied for :  f c  50,000  m illion
Loan to be granted : The Commission has approved a  loan of
f c  50,000  m i llio n  (about 37 M ioECU) or 
equivalent to the above mentioned in stitutio n 
(1)
Interest rebate : 5 percentage points per year for five years 
on 24 M ioEC U
Job basis of interest rebate :  1,200  jobs suitable for former E C S C  workers,
to w h o m  they w ill be offered in p rio rity .
VII. C O U N C IL A S S E N T
The Commission requests the Council to give its  assent to the foregoing 
decision
(1) In accordance with Article 56 application criteria (0J C 191, 16 July 1983).