Archive | April, 2012

Europe’s energy games are not child’s play – new report and cartoon

By David Hoffman (also appeared on the Bankwatch website) When it comes to EU energy policies, particularly those that guide the relationships with neighbouring countries, Europe at times displays characteristics similar to the self-absorbed stubbornness of a child who doesn’t play nicely with his schoolmates. Stealing things from others, taking candy from strangers against his […]

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The meaning of Europe’s energy dependency

Originally appeared at Euractiv Tomorrow (20 April) concludes the Danish EU Presidency’s informal meeting of energy and environment ministers, where Commissioners for Environment Janez Potocnik, for Climate action Connie Hedegaard and for Energy Günther Oettinger gathered to discuss how best to orient the bloc’s environment and energy policies to ensure a ‘greener Europe to help […]

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Was EU aid money used to finance Nigerian money laundering funds?

European Investment Bank backed private equity funds under criminal investigation A private equity fund financed with EU aid money is under criminal investigation in Europe’s and Nigeria’s anti fraud office for its alleged involvement in the laundering of millions of dollars looted by James Ibori, the ex-Governor of Nigeria’s oil-rich Delta State, according to an […]

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Is the European Investment Bank worth its money?

Appeared in Mo*Magazine Development Financial Institutions (DFIs) saw their role in development finance increase significantly in recent years. However, their contribution to sustainable development is far from clear. A thorough assessment of their past operations is vital before governments decide to increase their role any further. This is especially the case for the European Investment […]

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The wrong battle at the wrong time

Originally appeared in the European Voice EU law-making is on the line as the European Investment Bank comes out fighting against US financial regulation. You might think that, after the financial crisis of 2007-08, all major public institutions, and in particular those dealing with finance and monetary issues, would be focused on preventing such systemic […]

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Welcoming letter to the new EIB president

With a letter Counter Balance has welcomed Werner Hoyer, the new president of the EIB, to his new post. Hoyer, formerly state secretary in Germany’s foreign office and a member of the Free Democrats, the junior partner in Chancellor Angela Merkel’s government, becomes the EIB’s seventh president, succeeding Philippe Maystadt. We have noticed some positive […]

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