Change Of The Balance Of Payments Stabilization Act

Original Language Title: Änderung des Zahlungsbilanzstabilisierungsgesetzes

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89. Federal law that modifies the balance of payments Stabilization Act

The National Council has decided:

The balance of payments Stabilization Act, Federal Law Gazette I no. 52/2009, last amended by Federal Law Gazette I no. 65/2012, is amended as follows:

1. in Article 2a, paragraph 2, the phrase "section 66 of the Federal Budget Act" by the phrase "§ 82 of the Federal Budget Act 2013" will be replaced.

2. According to paragraph 2a, 2 the following paragraph is inserted b:

"§ is authorized 2B. (1) the Federal Minister of finance, in consultation with other Member States of the European Union called the Confederation to grant aid to the Hellenic Republic. Grants may only be carried out

1 all payment obligations to the national central banks of the Eurosystem, the Hellenic Republic where in particular their payment obligations within the framework of the programme for the securities markets ("SMP") by national central banks securities purchased, properly served and 2 up to a total of 281 million 200 thousand euros, which annually an amount may be not exceeded EUR 61 million.

(2) ABS occurs at the end of 31 December 2025 override. 1"