New Documentary: Walking the Line

Counter Balance, Platform and Re:Common are pleased to announce the launch of the webdocumentary “Walking the Line”. This webdocumentary presents the risks associated with the Euro-Caspian Mega Pipeline or Southern Gas Corridor. One of the biggest pipelines ever conceived, the corridor is supposed to stretch 3500 km from Azerbaijan to Italy and supply Europe with […]

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NGOs urge the European Investment Bank not to finance the Southern Gas Corridor

A group of 27 NGOs sent an open letter to the President of the European Investment Bank (EIB) today urging the Bank not to finance the Southern Gas Corridor, a 3500 kilometres-long chain of gas pipelines from Azerbaijan to Europe. As the EIB considers granting the biggest loan of its history to the Consortium in […]

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New report: Towards a reinforced accountability architecture for the European Investment Bank

‘Towards a reinforced accountability architecture for the European Investment Bank’ proposes a number of crucial reforms to guarantee democratic oversight, transparency and quality of the lending of the EU’s financial arm in the pivotal year of 2015. On paper the EIB has one of the best developed Complaint Mechanisms guaranteeing downward accountability to all citizens […]

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The Paris Agreement is a wake up call for the EU’s house bank to realign its investment strategy

May 23, 2016 Prague, Brussels The European Investment Bank (EIB) must adopt new directives and operating principles to play a meaningful role in realizing the EU’s goal of a decarbonised and resource efficient economy, say CEE Bankwatch Network and Counter Balance ahead of the bank’s annual meeting during the EU finance ministers’ Council this Wednesday, […]

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Fence or farce? Construction of Trans-Adriatic-Pipeline stuck in Italy

Monday 16th May was the deadline for the start of the construction works of the Trans-Adriatic Pipeline (TAP) on the shores of the Apulia region, in Italy. The documents are clear: on this date the authorization awarded by the Italian authorities to the TAP Consortium to kick-off building the pipeline would expire. But on Monday […]

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Parliament gets tough on control of EU Bank’s funds

In its annual resolution on the European Investment Bank adopted today in Brussels, Members of the European Parliament have criticised the bank’s support to projects under corruption investigations. They also called on the EIB to go further on fighting climate change, tax evasion and tax dodging. Counter Balance and CEE Bankwatch Network welcome the positions […]

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Counter Balance Activity Report 2015

2015 has been a productive year for the Counter Balance coalition. Read here about our achievements and our objectives! In the letter below our Director, Xavier Sol, outlines the main highlights of our work in 2015 and explains the challenges awaiting us in 2016. “Scrutinising European public investment banks and pushing for their reform is […]

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For European public finance, where will all roads lead from Paris?

By Fidanka McGrath (EBRD policy officer), Anna Roggenbuck (EIB policy officer) and Markus Trilling (EU funds policy offer, originally published by Bankwatch. Signing the Paris Agreement is an important step in Europe’s contribution to the global effort to tackle the climate crisis. But funding this commitment necessarily passes through the public coffers. To kick-start the […]

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Highway to hell – European money fuelling controversial infrastructure projects

Counter Balance and Re:Common are glad to announce the launch of their latest report “Highway to Hell”. Providing an in-depth analysis of two major infrastructure projects in the Veneto region in Italy, the report focuses on the corruption and state capture issues related to them. Both the Passante di Mestre and the Mose projects have […]

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