council decis octob conclus agreement form exchang letter european econom commun bank intern settlement mobil claim held member state medium term financi assist arrang eec council european commun regard treati establish european econom commun regard council decis eec march set machineri medium term financi assist amend decis eec articl thereof regard recommend commiss regard opinion monetari committe februari decis eec made provis case member state creditor medium term financi assist system experi difficulti threaten difficulti balanc payment mobil claim held state state provid mobil claim carri inter alia refinanc system concert action member state intern organ agreement made organ bank intern settlement organ provid refinanc decid articl agreement form exchang letter european econom commun bank intern settlement mobil claim held member state medium term financi assist arrang approv behalf commun text agreement annex decis articl presid council author design person empow sign agreement order bind commun luxembourg octob council presid ertl oj oj agreement form exchang letter european econom commun bank intern settlement mobil claim held member state medium term financi assist arrang letter bank intern settlement sir bi conclud stand credit agreement creditor countri central bank request agreement conclud total amount contribut paid mechan creditor countri limit million unit account half total futur commit ceil member countri practic detail stand agreement determin agreement bi central bank question condit bi prepar appli initi commit bi stand credit year option renew period total exce year open credit renew bi commiss understood order carri adjust liquid draw place month conclus stand agreement draw currenc bi time agreement conclud dollar period negoti light bank resourc month condit equival appli bi time transact conclud similar term close market rate rate slightli libor bi recours market procur fund rate appli reach maximum equival libor margin oblig inform council european commun agreement accept sir assur highest consider bank intern settlement letter commun sir honour acknowledg receipt letter todai date read quot bi conclud stand credit agreement creditor countri central bank request agreement conclud total amount contribut paid mechan creditor countri limit million unit account half total futur commit ceil member countri practic detail stand agreement determin agreement bi central bank question condit bi prepar appli initi commit bi stand credit year option renew period total exce year open credit renew bi commiss understood order carri adjust liquid draw place month conclus stand agreement draw currenc bi time agreement conclud dollar period negoti light bank resourc month condit equival appli bi time transact conclud similar term close market rate rate slightli libor bi recours market procur fund rate appli reach maximum equival libor margin oblig inform council european commun agreement quot honour inform council european commun agreement content letter accept sir assur highest consider behalf council european commun