Archive | November, 2008

A law unto itself

By David Cronin in The Guardian – The EIB dwarfs even the World Bank with its lending. About time, then, that its EU masters exercised some ethical control. Located in small and sleepy Luxembourg, the European Investment Bank is not in the habit of grabbing headlines. So perhaps it’s a measure of how desperate politicians […]

Read more

A better return for our money

Appeared in European Voice The European Investment Bank (EIB), the EU’s publicity-shy house bank, has shot to prominence in recent weeks as the global economic crisis has deepened. Nationally and collectively, EU leaders have scrambled to boost lending to small businesses that are being hit by the credit crunch. José Manuel Barroso, the president of […]

Read more

ECJ ruling puts EU house bank on the spot: deliver on development role or stop lending outside Europe

Brussels, Belgium – A decision from the European Court of Justice (ECJ) to annul the External Lending Mandate (ELM) of the European Investment Bank (EIB) has been warmly welcomed by Counter Balance, the Europe-wide campaign coalition advocating systemic reform of the EIB. The ECJ decision of November 6, which applies to the EIB’s lending activities […]

Read more