31978L0841

No L 291 / 14 17 . 10 . 78 Official Journal of the European Communities

COUNCIL DIRECTIVE of 10 October 1978 adapting the conditions laid down for the grant of medium-term financial assis­ tance to the Italian Republic

(78/841 /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 (6), as last amended by Decision 75/785/EEC (7), 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 (1), The economic policy conditions laid down in Direc­ Having regard to Council Directive 77/360/EEC of 17 tive 77/360/EEC shall be replaced, for 1978, by those May 1977 adapting the conditions laid down for the laid down in Decision 78 /840/EEC. grant of medium-term financial assistance to the Article 2 Italian Republic (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 Luxembourg, 10 October 1978 . Whereas Decision 78/840/EEC (3) laid down for 1978 For the Council the economic policy conditions to be observed by the Italian Republic in connection with the Community The President loans granted to this Member State by Decisions R. OFFERGELD 76/322/EEC (4) and 77/361 /EEC (5) ;

O OJ No L 341 , 20 . 12. 1974, p. 51 . (2) OJ No L 132, 27. 5. 1977, p. 36. (3) See page 12 of this Official Journal. («) OJ No L 77, 24. 3. 1976, p. 12. (') OJ No L 73, 27. 3 . 1971 , p. 15. (5) OJ No L 132, 27. 5. 1977, p. 37. (7) OJ No L 330, 24. 12. 1975, p. 50 .