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85/543/EEC: Council Decision of 9 December 1985 concerning a Community loan in favour of the Hellenic Republic

85/543/EEC: Council Decision of 9 December 1985 concerning a Community loan in favour of the Hellenic Republic

Decision · 4 articles

Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Article 1

The Community shall grant the Hellenic Republic, under Regulation (EEC) No 682/81, a loan of 1 750 million ECU or the equivalent amount in other currencies.

Article 2

The loan shall be made available to the Hellenic Republic in two equal instalments: - the first instalment as soon as the borrowing operations are completed, - the second instalment within one year of the payment of the first instalment, and, in any case, not before 1 January 1987, the Commission shall release the second instalment in the light of the examination, made in collaboration with the Monetary Committee of the evolution of the economic situation of the beneficiary Member State and the results obtained in the execution of the economic recovery programme, as implemented.

Article 3

1. The loan shall be granted on the basis of the decision taken by the beneficiary Member State to implement the economic recovery programme which it has presented, the objectives of which are set out in the recitals to this Decision. 2. The Commission, in collaboration with the Monetary Committee, shall examine at regular intervals the evolution of the economic situation of the beneficiary Member State and the execution of the economic recovery programme, as implemented.

Article 4

This Decision is addressed to the Hellenic Republic. Done at Brussels, 9 December 1985. For the Council The President J. SANTER (1) OJ No L 73, 19. 3. 1981, p. 1. (2) OJ No L 118, 1. 5. 1985, p. 59.

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Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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