CELEX: 11957E/PRO/BEI/22
Language: en
Date: 1957-03-25 00:00:00
Title: TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 22

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11957E/PRO/BEI/22

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 22  

++++Article 22  1 . The Bank shall borrow on the international capital markets the funds necessary for the performance of its tasks .  2 . The Bank may borrow on the capital market of a Member State either in accordance with the legal provisions applying to internal issues or , if there are no such provisions in a Member State , after the Bank and the Member State concerned have conferred together and reached agreement on the proposed loan .  The competent authorities in the Member State concerned may refuse to give their assent only if there is reason to fear serious disturbances on the capital market of that State .