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Council Implementing Decision of 11 October 2011 amending Implementing Decision 2011/344/EU on granting Union financial assistance to Portugal

Council Implementing Decision of 11 October 2011 amending Implementing Decision 2011/344/EU on granting Union financial assistance to Portugal

Decision 2011/344/EU · Decision · 3 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

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Article 1 of Implementing Decision 2011/344/EU is amended as follows: (1) paragraph 1 is replaced by the following: ‘1.   The Union shall make available to Portugal a loan amounting to a maximum of EUR 26 billion, with a maximum average maturity of 12,5 years. The maturity of individual tranches of the loan may be of up to 30 years.’; (2) paragraph 5 is replaced by the following: ‘5.   Portugal shall pay the cost of funding of the Union for each tranche.’.

Article 2

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Article 1(1), first sentence and Article 1(5) of Implementing Decision 2011/344/EU as amended by this Decision, shall also apply to the tranches of the loan that have been disbursed before the entry into force of this Decision.

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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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