31977L0360

No L 132/36 Official Journal of the European Communities 27 . 5 . 77

COUNCIL DIRECTIVE of 17 May 1977 adapting the conditions laid down for the grant of medium-term financial assis­ tance to the Italian Republic

(77/360/ EEC)

THE COUNCIL OF THE EUROPEAN Whereas these conditions fulfil the requirements of COMMUNITIES, Council Decision 71 / 143 / EEC of 22 March 1971 setting up machinery for medium-term financial assis­ Having regard to the Treaty establishing the European tance (5), as last amended by Decision 75/785/ EEC (6), Economic Community, and in particular Article 108 (2) thereof, HAS ADOPTED THIS DIRECTIVE : Having regard to Council Directive 74/637/ EEC of 17 December 1974 granting medium-term financial assis­ Article 1 tance to the Italian Republic ('), The economic policy conditions laid down in Direc­ Having regard to Council Directive 75/784/EEC of 18 tive 74/ 637/ EEC and in Directive 75/784/ EEC shall December 1975 adapting the conditions laid down for be replaced by the conditions laid down in Decision the grant of medium-term financial assistance to the 77/ 359 / EEC . Italian Republic (2), and in particular Article 2 (4) thereof, Article 2 This Directive is addressed to the Member States . Having regard to the recommendation submitted by the Commission, after consulting the Monetary Committee, Done at Brussels, 17 May 1977. Whereas Decision 77/359/ EEC (3) laid down for 1977 For the Council and 1978 the economic policy conditions to be observed by the Italian Republic for the Community The President loan granted to this Member State by Decision 76/322/EEC (4) ; J. SILKIN

(') OJ No L 341 , 20. 12. 1974, p. 51 . (2) OJ No L 330, 24. 12. 1975, p . 48 . (3) See page 34 of this Official Journal . (5 ) OJ No L 73 , 27 . 3 . 1971 , p. 15 . (4) OJ No L 77, 24. 3 . 1976, p. 12. (<-) OJ No L 330, 24. 12 . 1975, p . 50 .