95/250/EC: Council Decision of 29 June 1995 relating to exceptional Community aid for the reconstruction of the areas stricken by the cyclone that hit Madeira in October 1993

COUNCIL DECISION of 29 June 1995 relating to exceptional Community aid for the reconstruction of  the areas stricken by the cyclone that hit Madeira in October 1993 (95/250/EC)
THE  COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European 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),
Whereas those living in certain areas of Madeira have been seriously affected by the cyclone of  October 1993;
Whereas steps should be taken in this quite exceptional situation to offset the consequences of  this disaster on the economic and social well-being of the persons affected;
Whereas the European Investment Bank is able to grant loans out of its own resources to help  achieve this objective;
Whereas an interest subsidy chargeable to the general budget of the European Communities should be  provided on these loans;
Whereas similar measures were adopted following the natural disasters that occurred in Italy  (3)  and in Greece  (4);
Whereas the Treaty does not provide, for the adoption of this Decision, powers other than those of  Article 235,