85/276/EEC: Commission Decision of 24 April 1985 concerning the insurance in Greece of public property and loans granted by Greek State-owned banks (Only the Greek text is authentic)

• Articles: 3

Article 1

The provisions of Article 13 of Greek Law No 1256/1982 of 28/31 May 1982 - amending Articles 31 (1) and 54 (1) of Law No 400/1970 of 13/17 January 1970 on private insurance - laying down that all public property, including the assets of Greek public undertakings, must be insured exclusively with Greek public-sector companies and that Greek State-owned credit banks must recommend their customers to take out insurance with a public-sector insurance company are incompatible with Article 90 (1) of the EEC Treaty read in conjunction with Article 52, Article 53, the second paragraph of Article 5, and Article 3 (f) of the said Treaty.

Article 2

Greece shall inform the Commission within two months of the date of notification of this Decision of the measures it has taken to comply therewith.

Article 3

This Decision is addressed to the Hellenic Republic.

Done at Brussels, 24 April 1985.

For the Commission

P. SUTHERLAND

Member of the Commission

(1) Official Journal of the Hellenic Republic A'65.

(2) Official Journal of the Hellenic Republic A'10.