78/870/EEC: Council Decision of 16 October 1978 empowering… Article 4

Article 4

The terms of loans to be contracted shall be negotiated by the Commission in the best interests of the Community having regard to the conditions on capital markets and in accordance with the constraints imposed by the duration and other financial aspects of the loans to be granted. Funds borrowed shall be deposited with the European Investment Bank to be invested on a temporary basis if necessary.

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Other provisions in 78/870/EEC: Council Decision of 16 October 1978 empowering…

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

CitationArticle 4 of 78/870/EEC: Council Decision of 16 October 1978 empowering… (LawPlayer, data as of 2026-07-04)

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