84/383/EEC: Council Decision of 23 July 1984 implementing Decision 83/200/EEC empowering the Commission to contract loans under the new Community instrument for the purpose of promoting investment within the Community

COUNCIL  DECISION
of 23 July 1984
implementing Decision 83/200/EEC empowering the Commission to contract loans under the new Community instrument for the purpose of promoting investment within the Community
(84/383/EEC)
THE COUNCIL OF THE EUROPEAN
COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Decision 83/200/EEC of 19 April 1983 empowering the Commission to contract loans under the new Community instrument for the purpose of promoting investment within the Community (1), and in particular Article 2 thereof,
Having regard to the proposal from the Commission (2),
Having regard to the opinion of the European Parliament (3),
Having regard to the opinion of the Economic and Social Committee (4),
Whereas applications for loans approved by the Commission represent over two-thirds of the initial tranche of borrowings authorized by the Council in its Decision 83/308/EEC (5);
Whereas it is essential to ensure continuity of action for the new Community instrument in favour of investment projects in the fields of energy and infrastructure, and the financing of investment, principally that of small and medium-sized undertakings, in industry and other productive sectors;
Whereas a further tranche of borrowing and lending in accordance with Decision 83/200/EEC should therefore be authorized, for the same fields of application as those specified in Decision 83/308/EEC;
Whereas Community action in those fields will make a special contribution to the achievement of the Community's objectives of reducing regional disparities, raising growth rates, adjusting production structures and permanently solving the employment problem;
Whereas borrowings of an amount equivalent to 1 400 million ECU, by way of principal, should be authorized,