Tag Archives: mediterranean

Banking is not a tool to support democracy

Appeared in New Europe Over the next three years, the European Commission is planning to channel seven billion euro for the Southern Mediterranean through the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). But the track record of these two banks raises serious questions over their ability to support democratisation […]

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by Maged Helal

European public banks must stay out of Southern Mediterranean

Several EU officials have put forward the EIB and the EBRD to finance the transition in the Southern Mediterranean. Not a very good idea if you consider the banks’ methods and the bad track records in crucial areas for the promotion of democracy in the region. The following documents give you a clear overview of […]

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EU public banks not fit to finance transition in Egypt and Tunisia

This position paper by Counter Balance and CEE Bankwatch Network expresses our concerns regarding the European Commissions’ plans to involve the EIB and the EBRD in financing the transition in the Southern Mediterranean. Read it here to understand why we think these institutions are not fit for the job.

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NGOs call for investigation into EIB’s financing for the Mediterranean region

Counter Balance and CEE Bankwatch Network are calling for an investigation into the European Investment Bank’s (EIB) financing in the Southern Mediterranean region in the past, before giving the bank a leading role in distributing European financial support for the region. “The benefits from the EIB’s involvement in the region have been doubtful”, says Caterina […]

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Keep European public banks out of Mediterranean region, say NGOs

This week, EU leaders are meeting to agree on a common response to events in the Mediterranean. A coalition of Western and Eastern European NGOs* issues a serious warning that the European Investment Bank and the European Bank for Reconstruction and Development are not the right institutions to financially support the transition in the Middle […]

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