Tag Archives: capital increase

EIB Capital Increase May Not Further EU Goals

Brussels — Last week’s ten billion euros capital increase for the European Investment Bank (EIB), allowing the bank to lend 60 billion euros extra over the next three years, must come with clear commitments from the bank to stop loans for dirty energy, say NGOs. The EIB’s shareholders, the 27 EU member states, voted unanimously […]

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A threatened growth package

Shifting gears from the austerity years, EU leaders recently proposed injecting EUR 120 billion into the European economy. In practice, half of this amount will come in the form of loans from the European Investment Bank (EU member states, EIB’s shareholders recently decided to increase the bank’s capital by EUR 10 billion, which will allow […]

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The European Investment Bank is not ready for a capital increase, NGOs say

Brussels – As EU Ministers of Finance are currently gathering at the Annual General Meeting of the European Investment Bank (EIB) to discuss a possible capital increase, civil society organisations that monitor the EIB say the bank is not ready for such a move. “First and foremost, the quality of EIB lending has to improve, […]

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Why the EIB is not ready for a capital increase

Caught in the narrow debate between growth and austerity, the EIB is put forward by some policy makers as one of the few alternatives to budget cuts and fiscal orthodoxy. Meanwhile the real question of whether the bank is actually able to lead the EU out of the current crisis and into a sustainable – […]

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Video projected on the European Parliament questions potential EIB’s capital increase

Brussels – On Monday night a video was projected on the building of the European Parliament which denounced the unsustainable energy portfolio of the European Investment Bank (EIB). The 30 second video concluded with: “Make the EIB chose a brighter future before increasing its capital”, a message for EIB governors which gather Tuesday 15 May […]

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Make the EIB chose a brighter future

The European Investment Bank is to fund a sustainable energy future for Europe. But its energy portfolio hides a darker sid. Make the EIB choose a brighter future before increasing its capital. This video was projected on the European Parliament on May 14 the night before EIB governors gathered for the bank’s Annual General Meeting […]

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