commiss decis subsid interest rate credit export franc greec access countri european econom commun french text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof notic accord articl parti concern submit comment januari greec member european econom commun date treati rule state aid applic greec trade relat countri date financ export capit good greec member state appli credit condit agre internation arrang guidelin offici support export credit consensu european econom commun parti council april adopt decis effect decis base articl treati concern credit export countri term interest rate agre consensu vari gnp head recipi countri divid categori rich intermedi poor access greec european econom commun parti consensu greec automat chang statu intermedi rich countri slightli higher interest rate appli parti consensu notifi oecd act secretariat consensu prior commit enter respect export credit term sale capit good greec contract negoti conclud posit creat greek access discuss time polici coordin group credit insur credit guarante financi credit export credit insur group council compet exclus field export credit relat countri group meet march commiss repres explain articl treati appli relat greec januari problem aris transact conclud execut date respect prior commit form offer made part negoti contract pend date access imagin commiss assess case appli bona fide criterion meet export credit insur group novemb evid member state step ensur commit deadlin decemb member state enter prior commit date compromis formula effect articl formal implement respect contract sign februari envisag pursu view posit franc consid period short final group meet decemb note differ opinion arisen subsist commiss repres state commiss depart reserv pursuant articl articl treati examin commit conclud januari case case basi februari govern feder republ germani submit commiss request derog respect contract electr gener station ground french govern maintain offer subsid interest rate commiss conclud derog grant view fundament principl commun polici involv posit made german govern member state includ warn commiss full power grant treati enforc posit meet export credit insur group german deleg inform meet franc continu maintain subsid credit offer respect contract commiss state posit confirm french deleg commiss decid initi procedur articl treati respect prior commit enter french govern notifi oecd secretariat state date expiri june accord relev provis member state interest parti ask submit comment ii comment submit commiss french govern argu commiss slow adopt clear posit member state step safeguard interest put forward deleg council group give undertak conclus contract creat oblig credit insur field practic solut found discuss council group regard question prior commit french govern argu accept principl exist prior commit respect greec commiss acknowledg conform treati state meet export credit insur group novemb prepar deem prior commit valid februari order avoid number difficulti point member state commiss acknowledg case greec transit arrang form prior commit incompat treati french govern opinion principl prior commit admit definit period valid question principl degre examin light practic gener applic member state field french author strictli observ gener legal principl advoc align period valid prior commit guarante undertak month rank contractu commit insur month gener period agre parti consensu previous amend month period commerci signific regard arbitrari compromis french govern final argu commiss critic attempt reach agreement reason transit period time refus resolv manner reflect wish member state problem equal condit competit export eec countri member state submit comment uphold commiss posit member state point commiss ensur posit respect adopt member state consider distort competit member state follow iii commiss initi procedur articl treati respect prior commit enter french govern credit reduc interest rate french sale greec state date expiri june pursuant articl eec treati french govern put aid oper commiss final decis commiss awar date prior commit expir pass french govern telex june maintain entitl continu offer credit subsid interest rate sale greec access grant credit reduc interest rate trade member state continu import matter commiss opinion state neg decis pursuant articl incompat aid common market spite fact state date expiri prior commit respect procedur initi pass iv greec member state european commun aid provis eec treati appli countri relat greec member state state aid enabl undertak member state offer good price artifici lower offer competitor member state benefit aid distort competit favour undertak product good affect trade member state incompat common market pursuant articl treati aid reduc rate interest credit financ sale good produc member state export constitut export aid regard export aid appli intra commun trade commiss held view incompat common market pursuant articl eec treati benefit derog laid paragraph articl posit upheld european court justic rule join case french preferenti rediscount rate reaffirm number occas commiss council adopt consensu decis commiss statement insert council minut effect regard export aid grant member state intra commun trade incompat common market mean articl eec treati present decis base articl concern export credit countri affect situat sanction aid member state endeavour transact member state enjoi credit term provid decis commiss case reserv step power confer articl treati order abolish aid exist prohibit aid member state intend introduc date access greec impli date access treati sign regard state aid rule offici note februari session deputi level ec greec access negoti februari conf gr greec thought specif adjust transit measur regard aid rule contain eec treati rule appli greec forthwith access member state made reserv commiss made clear posit export credit insur group meet march french argument commiss late defin posit pertin french govern ampl time step ensur compet author act manner contrari commiss posit enter contractu engag date greek access sale greec member state difficulti commiss posit principl chang fact transit period month envisag novemb fact period month date meet period time commiss necessarili interven permit offici credit insur member state make adjust point compet council export credit insur group restrict problem concern coordin activ member state deal countri applic treati state aid rule li sole compet commiss fact member state european commun enter oblig mutual relat impos stricter disciplin countri inher natur commun reintroduc export aid commun renounc principl uniti common market requir sale market member state treat differ domest transact export aid definit appli domest market lead situat domest competitor suffer sever disadvantag comparison competitor member state intoler situat lead rapidli gener oper aid includ aid promot nation sale consensu harmon credit condit amount aid constitut pragmat solut competit credit condit intern level present satisfactori model applic eec account fact eec disadvantag high rate interest present undertak compens reflect element make cost structur favour accept undertak member state receiv compens disadvantag cost factor lead rapidli necess compens member state disadvantag cost factor level salari import social charg accept gener oper aid unaccept articl treati derog gener principl incompat aid common market reserv aid contribut attain object adopt decis articl interest rate subsidi credit govern french republ offer june financ sale french good greec access greec european econom commun constitut aid incompat common market pursuant articl treati articl decis address french republ brussel commiss fran andriessen member commiss ccg march ccg novemb mandat group oj ccg decemb telex iv march perman represent feder republ germani telex iv march perman represent sec sg sg oj