10 Sept 2020, 11:46

PREAMBLE

The European Commission, on behalf of the Commonwealth of Leagio, asks for a loan to the European Council to improve Leagio's green energy development during the next 5 years.

SECTION 1 - LOAN CONDITIONS AND PURPOSES

I. The Commonwealth of Leagio will take a loan of 400 million euros.
II. The Commonwealth of Leagio shall return the loan in 10 years from the presentation of the loan.
III. 3% annual interest will be applied on this loan, renegotiable annually. If the loan is paid in full on time, all collected interest will be refunded, adjusted for inflation.
IV. The Commonwealth shall return 40 million euros in a year.
V. The money shall only be used to improve the development of green energies in the Commonwealth and fund projects related with this type of energy source.


Councillors, before the Commission Elections I met with the Commonwealth of Leagio's President, Mr. Kenith Lifejumper. In that summit, we agreed on requesting a loan to the European Council in order to develop the green energy in the nation of Leagio. The amount would be of 400 million euros at 0% of interest and returning them in no more than 10 years. On the first year, the Commonwealth of Leagio would need to return 1/10 of the loan, exactly 40 million euros. I invite Councillors to show their opinions, as amend this request, but I would like to have a common agreement or at least a major agreement to give this loan.

Jean-Claude Juncker
Acting Internal Affairs Commissioner