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Council Regulation (EU) No 407/2010 of 11 May 2010 establishing a European financial stabilisation mechanism article 4 CELEX: 02010R0407-20150808 Disbursement of the loan
1. The loan shall, as a rule, be disbursed in instalments. 2. The Commission shall verify at regular intervals whether the economic policy of the beneficiary Member State accords with its adjustment programme and with the conditions laid down by the Council pursuant to Article 3(3)(b). To this end, that Member State shall provide all the necessary information to the Commission and give the latter its full cooperation. 3. On the basis of the findings of such verification, the Commission shall decide on the release of further instalments. |