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TREATY ESTABLISHING A CONSTITUTION FOR EUROPE
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credit
[
Global Index
]
ARTICLE-III-181
[
go to this ARTICLE
]
... Overdraft
facilities
or any other type of
credit facility
with the
European Central Bank
or with the
central banks
of the
Member States
(hereinafter referred to as `
national central banks
') in favour of
Union
institutions
,
bodies
,
offices
or
agencies
,
central
governments
,
regional
,
local
or other
public authorities
, other
bodies
governed
by
public law
, or
public
undertakings of
Member States
shall be
prohibited
, as shall the
purchase
directly from them by the
European Central Bank
or
national central banks
of
debt
instruments
. ...
... Paragraph 1 shall not apply to
publicly
owned
credit
institutions
which, in the
context
of the
supply
of
reserves
by
central banks
, shall be given the same
treatment
by
national central banks
and the
European Central Bank
as
private
credit
institutions
. ...
... Paragraph 1 shall not apply to
publicly
owned
credit
institutions
which, in the
context
of the
supply
of
reserves
by
central banks
, shall be given the same
treatment
by
national central banks
and the
European Central Bank
as
private
credit
institutions
. ...
ARTICLE-III-185
[
go to this ARTICLE
]
... The
European System of Central Banks
shall
contribute
to the smooth
conduct
of
policies
pursued by the
competent authorities
relating to the prudential
supervision
of
credit
institutions
and the
stability
of the
financial
system
. ...
... A
European law
of the
Council
may
confer
specific
tasks upon the
European Central Bank
concerning
policies
relating to the prudential
supervision
of
credit
institutions
and other
financial institutions
with the
exception
of
insurance
undertakings. The
Council
shall
act
unanimously
after consulting the
European Parliament
and the
European Central Bank
. ...
ARTICLE-III-201
[
go to this ARTICLE
]
... the granting of limited
credits
by other
Member States
,
subject
to their
agreement
. ...
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