Council Regulation (EEC) No 2790/82 of 18 October 1982 amending Regulation (EEC) No 1736/79 on interest subsidies for certain loans granted under the European monetary system

COUNCIL  REGULATION (EEC) No 2790/82
of 18 October 1982
amending Regulation (EEC) No 1736/79 on interest subsidies for certain loans granted under the European monetary system
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 Regulation (EEC) No 1736/79 (4) introduced for a period of five years from 1 January 1979 a system of interest subsidies financed from the general budget of the European Communities for investments in the less prosperous Member States effectively and fully participating in the mechanisms of the European monetary system;
Whereas this system applies to loans granted by the European Investment Bank from its own resources, and to loans granted under Council Decisions empowering the Commission to contract loans for the purpose of promoting investment within the Community, taking into account the limits fixed by Article 7 of Regulation (EEC) No 1736/79;
Whereas Article 1 of Regulation (EEC) No 1736/79 refers to Decision 78/870/EEC (5); whereas it is necessary to ensure the continuity of the measure by bringing successive Council Decisions empowering the Commission to contract loans for the purpose of promoting investment within the Community under the scope of that Regulation,