91/408/EEC: Council Decision of 22 July 1991 on financial… Article 2

Article 2

1. The financial aid for Israel shall be made available to that country in the form of a medium-term loan of a principal equivalent to ECU 160 million for a maximum period of seven years. 2. The loan will be accompanied by an interest-rate subsidy to be financed from the general budget of the European Communities. The necessary cost to the Community of financing the subsidy in 1991 amounts to ECU 27,5 million. 3. The loan and the related subsidy shall be accorded on the terms and conditions set out in Article 3.

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CitationArticle 2 of 91/408/EEC: Council Decision of 22 July 1991 on financial… (LawPlayer, data as of 2026-07-04)

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