Archive | December, 2014

Juncker’s investment offensive risks turning against Europeans

Brussels – Environmental NGOs call on President Juncker, the European Commission and the European Investment Bank to consider for financing from the 315 billion growth package only projects which are sustainable and in line with EU goals and only after proper public consultation with potentially affected communities. “The idea of an investment offensive to stimulate […]

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Relance en Europe: « La BEI n’est pas prête»

Juncker veut faire de la Banque européenne d’investissement l’un des piliers de la relance. Cette institution va prendre en charge le plan d’investissement de 315 milliards d’euros. Pour Xavier Sol, expert indépendant qui surveille la BEI, l’institution n’est pas taillée pour le rôle. Le grand public va devoir s’habituer au sigle d’une autre institution européenne, […]

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UK’s €46 billion bid for EIB nuclear loan

 The UK is bidding for a massive €46 billion loan from the European Investment Bank to finance the construction of three new nuclear power stations at Hinkley Point, Wylfa and Moorside – while Poland is seeking €8bn for huge new coal mines and power plants and €12bn for new nuclear. Originally appeard in the Ecologist […]

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The Network for Energy Sovereignty in Catalonia undertakes its first ‘Toxic Tour’

The group denounces the unsustainability of the current energy model dominated by monopolies and fossil fuels The Network for Energy Sovereignty, a Catalan network formed by diverse social movements, NGOs and individuals that seeks to reclaim energy sovereignty (understood as the right of the population to decide), undertook a three day tour on 26-28 September […]

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EU Ombudsman urges EIB to disclose investigation into Glencore tax allegations in Zambia

EIB’s failure to disclose the investigation and respect its own transparency policy is an instance of maladministration, says EU Ombudsman. EIB is urged again to make the investigation public. Ruling shows the EU’s public bank needs to become more transparent. Brussels – After Glencore’s tax practices, through which it allegedly shifted profits from Zambia to […]

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EU bank breaches own rules in Glencore Zambia tax dodging investigation

The European Investment Bank, which gives loans and grants using taxpayers’ money, acted wrongly when it refused to disclose details of alleged tax evasion by mining giant Glencore, the EU’s watchdog has ruled. By Finbarr Bermingham, originally appeared in the International Business Times The EIB failed to disclose the results of its own investigation into the […]

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Trois raisons de douter du plan d’investissement Juncker

Par Benoist Fechner, originally appeared on L’Express La Commission européenne présente ce mercredi un plan d’investissement de 315 milliards d’euros de nature à créer plus d’un million d’emplois nouveaux sur trois ans. Mais pour beaucoup, le compte n’y est pas. Un tour de magie, un simulacre, voire le mirage du siècle… La presse française et […]

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Juncker’s investment package to be hijacked by countries’ destructive plans

Brussels – A list of projects member states want to see financed from the Juncker investment package has been made public in expectation of tomorrow’s summit where finance ministers will discuss the package. Coal, nuclear and incinerators are among the various countries’ priorities, which fail to add up to the long-term strategic plan to stimulate […]

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EU Project Bonds are a worrying indication for the future EU long term investment plans

The pilot phase of the EU Project Bond Initiative is about to come to an end. Over the last two years nine infrastructure projects have been approved for refinancing through this risk sharing facility developed by the European Commission and the European Investment Bank (EIB). And much more will follow as this financial instrument and […]

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Juncker’s plan for investments in the EU : how will it work ?

Originally appeared on the ‘Europe par Benoit’ blog On November 26th, Jean-Claude Juncker announced to the MEPs a plan of 315 billion Euro to boost investments in the EU. Priorities would be given to national projects in the fields of transport, energy and digital economy. Principle : – Creation of a EFSI (European Fund for […]

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