European Investment Bank: time to open up

Originally published on Public Finance International. By: Xavier Sol  28 Sep 16 The silent giant of the EU’s economy, the European Investment Bank, needs to be less secretive, more accountable and firmer about corruption. If trust in a common European future is to be rebuilt, the perceived democratic gap between citizens and institutions has to […]

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Un informe denuncia vínculos del Banco Europeo de Inversiones con paraísos fiscales

Originally published on El Boletin. La coalición de ONGs Counter Balance desvela también múltiples casos de puertas giratorias. David P. Fernández / 15-09-2016 La coalición de ONGs, Counter Balance – Challenging public investment banks (Contra Balance – Desafiando a los bancos públicos de inversión) ha publicado un informe en el que analiza el uso que el Banco […]

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La banque de l’UE investit des fonds publics dans les paradis fiscaux

Originally published on Mediapart.fr . PAR LUDOVIC LAMANT ARTICLE PUBLIÉ LE MERCREDI 14 SEPTEMBRE 2016 La  Banque  européenne  d’investissement  (BEI)  a investi près de 500 millions d’euros dans des fonds localisés dans des paradis fiscaux ces dernières années, selon une étude que des ONG publient mercredi. Elles s’inquiètent de l’opacité qui entoure ces placements. De  […]

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Il lato oscuro della Banca Europea per gli investimenti

Originally published on L’Espresso. È il braccio finanziario dell’Unione europea con un portafoglio di miliardi di euro per progetti che portano lavoro, crescita e innovazione. Ma anche operazioni non trasparenti in paradisi fiscali e giurisdizioni sospette, e perfino casi di conflitti di interesse. Come svela il rapporto della ong Counter balance Michele Sasso 14 settembre […]

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Juncker investment plan: deep reforms necessary for sustainable future, says new joint report

— Brussels, 28 September 2016 – Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today [1]. The report analyses projects approved by the European Fund for Strategic Investments (EFSI) in […]

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Report reveals the “dark side” of EIB funds: how the EU’s bank supports non-transparent investment funds based in tax havens

Counter Balance launches today a new report that critically analyses a little-known part of the European Investment Bank (EIB)’s operations: its use of private equity funds. The report presents a number of statistics and facts about recent investment funds financed by the EIB during the period 2011-2015. Main findings are that: – The EIB supports […]

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