Council Regulation (EEC) No 2053/88 of 24 June 1988 on financial assistance for Portugal for a specific industrial development programme (PEDIP)

COUNCIL REGULATION (EEC) No 2053/88 of 24 June 1988 on financial assistance for Portugal for a specific industrial development programme (PEDIP)
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 235 thereof,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the European Parliament (2),
Having regard to the opinion of the Economic and Social Committee (3),
Whereas the European Parliament unanimously approved in December 1987 an integrated development programme for Portugal which states that the Community should take steps to support the Portuguese Government's plans for economic development, inter alia,  in industrial areas, particularly small and medium-sized undertakings (SMUs), with a view to increasing productivity, securing jobs and promoting vocational training;
Whereas a programme to modernize industry in Portugal (hereinafter referred to as ´PEDIP') has been prepared, in close collaboration between Portugal and the Commission, which contains a set of measures, including vocational training measures, designed  to promote industrial development in Portugal;
Whereas the PEDIP should help to achieve the Community's objectives in the field of economic and social cohesion, by identifying four priority areas for the development of Portuguese industry;
Whereas the European Council meeting in Brussels on 11 and 12 February 1988 endorsed the principle of Community assistance for the PEDIP, and whereas the European Council agreed on the principle of allocating to the PEDIP, over and above support from  the Structural Funds and Community loans, additional budgetary resources amounting to 500 million ECU for the period from 1988 to 1992;
Whereas provisions should be laid down for the use of those additional resources;
Whereas, in order to simplify management of these resources, which should be made the responsibility of the Commission, the Commission will apply the appropriate measures in respect of the rates of Community assistance, the procedures for the  commitment, payment, and recovery of Community assistance, and the monitoring of the measures for which assistance has been allocated;
Whereas, in respect of the measures included in the PEDIP, the Treaty has not provided the necessary powers, other than those of Article 235,