council decis august appli regul eec interest subsidi loan grant european monetari system eec council european commun regard treati establish european econom commun regard council regul eec august interest subsidi loan grant european monetari system articl thereof regard propos commiss articl council regul eec lai council design member state state elig benefit measur set regul articl council regul eec requir order design member state time effect fulli particip mechan european monetari system consid prosper ireland italian republ fulfil doubl condit decid sole articl ireland itali benefit measur set regul eec brussel august council presid kennedi page offici journal