commiss decis quot special financ scheme invest increas export firm product capac quot franc french text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof notic concern submit observ quot special financ scheme invest increas export firm product capac quot franc quot special financi institut quot float loan foreign financi market denomin foreign currenc exchang rate guarante provid state interest rate loan lower obtain loan french franc domest market fund obtain lent french firm form long term loan year denomin french franc rate interest approxim point lower term institut normal loan busi loan cover invest cost intend increas product capac firm concern undertak increas proport sale account export member countri favour rate interest charg financi institut question state guarante exchang risk run convert fund rais foreign currenc loan french franc guarante rule convers oper cover risk charg firm interest rate premium bring cost loan ordinari french commerci rate ii french author quot favour quot firm invest exchang rate guarante advantag preferenti rate interest run exchang rate risk loan express french franc firm practic receiv interest relief grant percentag point provis state guarante type constitut aid state concern make good loss event present case guarante result effect util quot state resourc quot state budget expend ff million head ff million scheme favour quot undertak product good quot appli invest expand product capac firm undertak increas sale member countri market product realiz result invest purpos sale aid scheme affect trade member state threaten distort competit conclus invalid argument loan grant higher rate interest charg financi market member state fact nation measur offset dispar cost firm member state cost firm depriv charact aid measur court justic judgment question clear join case case french italian govern adduc differ member state rate interest case cost social secur charg ground aid iii scheme constitut gener scheme aid intend solv specif industri region problem defin advanc appli invest firm provid link increas sale member countri reason scope applic scheme satisfi test derog articl aid facilit develop quot econom activ econom area quot benefit enjoi industri invest locat line busi view extens scope commiss assess effect scheme aid trade competit commun check complianc principl disciplin laid sector region aid member state plan institut sector region aid compli requir procedur articl treati present scheme gener aid french govern time equival measur compli requir procedur current term scheme consid compat common market iv member state feel gener scheme aid enabl facilit adjust develop industri context intern competit ti advanc specif sector region constraint past commiss consid account ensur complianc commun requir aid aid grant scheme posit verifi applic satisfi test treati derog principl incompat common market offer articl satisfi gener polici derog end commiss quot special financ scheme invest increas export firm product capac quot advanc notic pursuant articl eec treati case gener scheme aid exist commun sector programm drawn french govern applic scheme absenc individu decis grant aid individu firm signific effect trade competit commun procedur extend invest product list annex ii treati aid respect annex ii product subject rule common agricultur polici adopt decis articl govern french republ measur ensur loan special financi institut quot special financ scheme invest export firm quot henceforth grant condit fulfil loan grant programm entir sector branch industri programm notifi commiss accord articl eec treati loan grant individu firm signific case defin articl notifi commiss manner procedur extend invest respect product list annex ii eec treati articl current term interest durat loan question signific case applic purpos indent articl case amount invest equal greater million eua articl decis address french republ month date adopt inform commiss measur compli therewith brussel commiss raymond vouel member commiss