This document is an excerpt from the EUR-Lex website
Document 31988R0674
Commission Regulation (EEC) No 674/88 of 15 March 1988 amending for 1988 Regulation (EEC) No 411/88 on the method to be used and the interest rates to be applied for the calculation of the cost of financing intervention in the form of buying-in, storage and disposal
Commission Regulation (EEC) No 674/88 of 15 March 1988 amending for 1988 Regulation (EEC) No 411/88 on the method to be used and the interest rates to be applied for the calculation of the cost of financing intervention in the form of buying-in, storage and disposal
Commission Regulation (EEC) No 674/88 of 15 March 1988 amending for 1988 Regulation (EEC) No 411/88 on the method to be used and the interest rates to be applied for the calculation of the cost of financing intervention in the form of buying-in, storage and disposal
JO L 70, 16.3.1988, p. 11–11
(ES, DA, DE, EL, EN, FR, IT, NL, PT)
No longer in force, Date of end of validity: 31/12/1988
Relation | Act | Comment | Subdivision concerned | From | To |
---|---|---|---|---|---|
Modifies | 31988R0411 | înlocuire | articol 4.2 1/1-31/12/88 |
Commission Regulation (EEC) No 674/88 of 15 March 1988 amending for 1988 Regulation (EEC) No 411/88 on the method to be used and the interest rates to be applied for the calculation of the cost of financing intervention in the form of buying-in, storage and disposal
Official Journal L 070 , 16/03/1988 P. 0011 - 0011
***** COMMISSION REGULATION (EEC) No 674/88 of 15 March 1988 amending for 1988 Regulation (EEC) No 411/88 on the method to be used and the interest rates to be applied for the calculation of the cost of financing intervention in the form of buying-in, storage and disposal THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 1883/78 of 2 August 1978 laying down general rules for the financing of interventions by the European Agricultural Guidance and Guarantee Fund, Guarantee Section (1), as last amended by Regulation (EEC) No 2095/87 (2), and in particular Article 5 thereof, Whereas the second paragraph of Article 5 of Regulation (EEC) No 1883/78 confers upon the Commission the power to set the uniform interest rates at a lower level for those Member States having interest costs lower than those deriving from the application of the uniform interest rate for the calculation of the financing costs; Whereas the conditions laid down in the said Article 5 are met in certain Member States; whereas interest rates had fallen in two Member States in 1986; whereas this downward movement continued in 1987 in both Member States; Whereas it is appropriate to establish for the Member States concerned the special interest rate to be applied in these Member States from 1 January 1988 onwards and to amend Commission Regulation (EEC) No 411/88 (3) accordingly; Whereas the measures provided for in this Regulation are in accordance with the opinion of the EAGGF Committee, HAS ADOPTED THIS REGULATION: Article 1 Article 4 (2) of Regulation (EEC) No 411/88 is hereby replaced by the following: '2. For the period 1 January to 31 December 1988, the specific interest rate shall be: - 5 % for Germany, - 5,5 % for the Netherlands.' Article 2 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. It shall apply with effect from 1 January 1988. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 15 March 1988. For the Commission Frans ANDRIESSEN Vice-President (1) OJ No L 216, 5. 8. 1978, p. 1. (2) OJ No L 196, 17. 7. 1987, p. 3. (3) OJ No L 40, 13. 2. 1988, p. 25.