council regul eec august interest subsidi loan grant european monetari system council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe decemb council adopt regul eec relat european monetari system meet decemb european council laid system includ measur strengthen economi prosper member state particip prime import fulfil purpos invest programm project infrastructur carri prosper member state loan european invest bank framework decis eec octob empow commiss contract loan purpos promot invest commun intend inter alia financ invest infrastructur rate interest appli loan depend term borrow select project programm infrastructur prosper member state effect fulli particip mechan european monetari system easili carri commun loan carri interest rate subsidi financ gener budget european commun european council request commun institut european invest bank grant year period loan million european unit account year special term aid invest member state loan made commun institut framework decis eec commun year period particip action grant interest subsidi loan special arrang need member state effect fulli particip mechan european monetari system european invest bank agre particip implement regul adopt regul articl loan grant resourc european invest bank hereinaft refer quot bank quot loan grant decis eec aid invest prosper member state carri interest subsidi financ budget european commun provid state effect fulli particip mechan european monetari system oj oj opinion deliv publish offici journal oj oj articl council act qualifi major decid propos commiss member state state elig subsidi articl articl ensur cohes commun action facilit select project indic programm drawn member state involv collabor commiss indic programm concern amount categori invest aim invest region member state requir submit region develop programm compat programm articl applic interest subsidi provid regul submit opinion member state territori project carri articl opinion member state concern favour subject approv grant loan subsid bank accord articl commiss decid project elig accord guidelin invest consist commun rule applic relev sector loan concentr financ infrastructur project programm invest contribut resolv main structur problem affect state concern reduc region imbal improv employ situat invest compat provis treati govern competit direct indirect distort competit posit specif industri member state avoid articl subsid loan cover regul made administ accord bank statut decis eec articl interest subsidi year amount loan subsid pursuant regul million european unit account period year divid annual instal million european unit account period amount enter budget cover discount subsidi million european unit account divid annual instal million european unit account articl member state effect fulli particip mechan european monetari system receiv financi compens financ budget amount determin basi expenditur interest subsidi regul articl arrang appli regul adopt commiss conclud agreement bank purpos articl commiss annual inform council european parliament oper carri pursuant regul end commiss submit council european parliament report experi gain applic regul accompani propos revis articl regul enter forc dai public offici journal european commun applic januari regul bind entireti directli applic member state brussel august council presid kennedi