EUR-Lex - 31981D0019 - EN

EUR-Lex - 31981D0019 - EN Avis juridique important | 81/19/EEC: Council Decision of 20 January 1981 on Community aid granted by way of exception for the reconstruction of the regions affected by the Italian earthquake in November 1980 Official Journal L 037 , 10/02/1981 P. 0021 - 0022

( 1 ) OJ NO C 346 , 31 . 12 . 1980 , P . 59 . ( 2 ) OJ NO L 298 , 25 . 10 . 1978 , P . 9 . COUNCIL DECISION OF 20 JANUARY 1981 ON COMMUNITY AID GRANTED BY WAY OF EXCEPTION FOR THE RECONSTRUCTION OF THE REGIONS AFFECTED BY THE ITALIAN EARTHQUAKE IN NOVEMBER 1980 ( 81/19/EEC ) THE COUNCIL OF THE EUROPEAN COMMUNITIES , HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , AND IN PARTICULAR ARTICLE 235 THEREOF , HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION , HAVING REGARD TO THE OPINION OF THE EUROPEAN PARLIAMENT ( 1 ), WHEREAS THE REGIONS OF CAMPANIA AND BASILICATA WERE SERIOUSLY STRICKEN BY AN EARTHQUAKE IN NOVEMBER 1980 AND IT IS IMPORTANT TO MITIGATE THE EFFECTS OF THIS DISASTER ON THE ECONOMIC AND SOCIAL SITUATION THERE ; WHEREAS THE EUROPEAN COUNCIL AT ITS MEETING ON 1 AND 2 DECEMBER 1980 INVITED THE COMMUNITY INSTITUTIONS TO CONTRIBUTE TO THE RECONSTRUCTION PROGRAMME OF THE STRICKEN AREAS , PARTICULARLY BY MEANS OF LOANS WITH INTEREST RATE REBATES ; WHEREAS THIS IS A COMPLETELY EXCEPTIONAL SITUATION REQUIRING RAPID AND EFFECTIVE REMEDIES ; WHEREAS COUNCIL DECISION 78/870/EEC OF 16 OCTOBER 1978 EMPOWERING THE COMMISSION TO CONTRACT LOANS FOR THE PURPOSE OF PROMOTING INVESTMENT WITHIN THE COMMUNITY ( 2 ), PROVIDES A MEANS OF REALIZING THIS OBJECTIVE ; WHEREAS IT IS APPROPRIATE THAT LOANS GRANTED FOR THIS PURPOSE UNDER THE PROVISIONS OF THE NEW COMMUNITY INSTRUMENT OR ON THE EUROPEAN INVESTMENT BANK ' S OWN RESOURCES SHOULD BENEFIT FROM INTEREST REBATES CHARGEABLE TO THE COMMUNITIES ' GENERAL BUDGET ; WHEREAS THE TREATY MAKES NO PROVISION FOR THE SPECIFIC POWERS OF ACTION REQUIRED FOR THIS PURPOSE , HAS DECIDED AS FOLLOWS :

ARTICLE 1 THE FOLLOWING PARAGRAPHS ARE HEREBY ADDED TO ARTICLE 1 OF DECISION 78/870/EEC : ' THE COMMISSION SHALL BE EMPOWERED TO CONTRACT , BY WAY OF SOLE EXCEPTION , ON BEHALF OF THE EUROPEAN ECONOMIC COMMUNITY , LOANS FOR THE PURPOSE OF FINANCING INVESTMENTS FOR THE RECONSTRUCTION OF THE MEANS OF PRODUCTION AND THE ECONOMIC AND SOCIAL INFRASTRUCTURE IN THE REGIONS AFFECTED BY THE ITALIAN EARTHQUAKE IN NOVEMBER 1980 . THE AMOUNT OF THE PRINCIPAL OF SUCH LOANS MAY NOT EXCEED THE EQUIVALENT OF 1 000 MILLION ECU , SUBJECT TO DEDUCTION IN RESPECT OF ANY OPERATIONS OF THE SAME NATURE CARRIED OUT BY THE EUROPEAN INVESTMENT BANK OUT OF ITS OWN RESOURCES . '