CELEX: 51979PC0441
Language: da
Date: 1979-07-30
Title: UDKAST TIL RÅDETS AFGORELSE OM ÆNDRING AF AFGORELSE 77/721/EURATOM OM GENNEMFØRELSE AF AFGØRELSE 77/270/EURATOM OM BEMYNDIGELSE FOR KOMMISSIONEN TIL AT OPTAGE EURATOM-LAN MED HENBLIK PA ET BIDRAG TIL FINANSIERINGEN AF ATOMKRAFTVÆRKER (forelagt af Kommissionen for Rådet)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (79) 441
Vol. 1979/0154
 ---pagebreak--- Disclaimer
Conformément 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
règlement.
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983
concerning the opening to the public of the historical archives of the European Economic
Community and the European Atomic Energy Community (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 file 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 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft und der Europäischen Atomgemeinschaft (ABI. L 43 vom 15.2.1983,
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. September 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.
 ---pagebreak---                                                                         KOM(79)441 endelig udg.
      KOMMISSIONEN
                                                                        Bruxelles, den 30 . Juli 1979
          FOR DE
EUROPÆISKE FÆLLESSKABER
   Kommissionens Sekretariat
                                                                        INTERNT DOKUMENT
                                       UDKAST TIL RÅDETS AFGORELSE
                                OM ÆNDRING AF AFGORELSE 77/721 / EURATOM
                             OM GENNEMFØRELSE AF AFGØRELSE 77 / 270 / EURATOM
                            OM BEMYNDIGELSE FOR KOMMISSIONEN TIL AT OPTAGE
                               EURATOM-LAN MED HENBLIK PA ET    BIDRAG TIL
                                   FINANSIERINGEN AF ATOMKRAFTVÆRKER
                                              :                                      \
                                                                     O
                                   ( forelagt af Kommissionen for Rådet )
            KOM ( 79 ) 441 endelig udg .
 ---pagebreak---                                                                                 MININL A
                         Draft Council Decision              / Euratom
    amending Decision 77/ 271 / Euratom on the implementation of Decision 77/ 270/ Euratom
    empowering the Commission to contract Euratom loans for the purpose of contributing
    to the financing of nuclear power stations
    THE comic IL OP THE EUROPEAN COMMUNITIES ,
  -Having regard to the Treaty establishing the European Atomic Energy Community,
   Having regard to Council Decision 77/270/Euratom of 29 March 1977 empowering
   the Commission to issue Euratom loans for the purpose of contributing to
    the financing of nuclear power stations^ ^ \ and in particular Article 1
   thereof,
   Whereas the loan level of 300 million European Units of Account mentioned
                                         ( 2)
   in Council Decision 77/ 271 / Euratom      has been reached ,
   Whereas experience indicates that it is desirable to raise , by 1 000 million
   European Units of Account , the total amount of borrowings which the
   Commission is empowered to contract in the name of the European Atomic
   Energy Community,.
                                           I
                                           *
   HAS DECIDED AS FOLLOWS s
                                     Sole Article
           The sole Article of Decision 77/ 271 / Euratom is hereby amended to
   read as follows :
           " The loans provided for in Article 1 of Decision 77/ 720/
  Euratom may be contracted for amounts the total of which shall not exceed
   1 50Q million European Units of Account .
           When the total value of the transactions effected reaches 1 200 million
  European Units of . Account , the Cqmmission shall inform the Council^ which ,
   acting unanimously, shall decide on the fixing of a new amount as' soon "as
  possible . "
  Done at Brussels ,
                                                          For the Council
(Tj0J no L 88 of 6.4.1977 , P 9                             The President
 ( 2) 0J no L 88 of 6.4.1977 , P. 11
 ---pagebreak---                                       - 2 -
  4.       Cooperation between Euratom and. the EIB , regulated by a convention
  noted in the Council minutes , has been very satisfactory . The proposal to
  raise the ceiling does not affect this relationship regarding Euratom
''loans and borrowings .
  5.       In view of the fact that :
  - 387 million EUA may be placed on receipt of Council approval ,
  - applications for the sum of 845 million EUA are under examination,
  - 1 010 million EUA is the total of applications notifed and possible ,
  it is appropriate to ask the Council to approve a further tranche of
   1 000 million EUA ..
  2249 / 79 e
 ---pagebreak---                  DRAFT COUUCIL DECISION AMEKDING DECISION 271 /77 EURATOM
                                   explanatory memorandum
 1.      On 29 March 1977 , the Council of the European Communities adopted
 Decision 77/270/Euratom empowering the Commission to issue Euratom loans
for the purpose of contributing to the financing of nuclear power stations .
                  y
         On 29 March 1977 , "the Council also adopted Decision 77/ 27 1 /Euratom
providing that the loans in question may be contracted for amounts the total
 of which shall not exceed 500 million European Units of Account on condition
that when the total value of the transactions effected reaches 300 million
European Units of Account the Commission shall inform the Council , which ,
acting unanimously, shall decide on the fixing of a new amount as soon as
possible .
         Finally, on 21 /22 June 1979 "the European Council confirmed that
if nuclear energy is not developed in the coming decades , -economic growth
will be no longer possible . Programmes for the development of nuclear
power must therefore be given a new and vigorous impetus .         In these circumstances
Euratom must contribute to this policy through the use of its financing
powers .
2.       On 15 June 1979 , "the loan position, was as . follows :
         - Loans disbursed                                s  320 million EUA
         - Loans agreed but not yet > effected            :  5^7  million EUA
                                                                    Ν
           including    loans covered by Decision
                                           77/271 .      :   180  million EUA
                      : loans decided subject to there
                        being ,a further Euratom tranche . 387 million EUA
         - Applications under examination                J   845 million EUA
        -v Applications notified and possible            : 1 010 million EUA
3.       On the fund raising side , Euratom bond issues have enjoyed considerable
success on the capital markets in that they provide investors with another
international AAA rating , thus giving the banks access to a wider range
of debtors . The promoters found a greater variety in the source of funds
available .