Archive | April, 2015

Parliament warns of risky financing, demands more accountability at Europe’s bank

In its annual resolution on the European Investment Bank, Members of the European Parliament have criticised the bank’s Project Bond Initiative, warning that the risk-sharing instrument bears similarities to those proposed under the Juncker Investment Plan. The MEPs condemned the EIB for financing “infrastructure projects that turned out to be unviable and unsustainable”, specifically mentioning […]

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MEPs highlight concerns with EIB

Originally appeared on EU Reporter The European Parliament today (30 April) adopted a report drafted by Green MEP Ernest Urtasun assessing the activities of the European Investment Bank (EIB) in 2013. The report highlights concerns with transparency and accountability, as well as regarding some of the projects funded by the EIB. After the vote, Green […]

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Das Geschäft mit der Steuerflucht

By  Harald Schumann, originally appeared in Tagespiegel Die Europäische Investitionsbank vergibt Kredite für Entwicklungsländer an Firmen in Steueroasen. Jetzt fordern Kritiker Prüfungen. Die Europäische Investitionsbank (EIB) gilt als höchst seriöse Institution. Sie operiert im Auftrag der 28 Regierungen der Europäischen Union und zählt mit einem Kreditvolumen von mehr als 500 Milliarden Euro zu den größten […]

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EU-Staatsbank Das Geschäft mit der Steuerflucht

Originally appeared in Der Tagespiegel by Harald Schumann Die Europäische Investitionsbank vergibt Kredite für Entwicklungsländer an Firmen in Steueroasen. Jetzt fordern Kritiker Prüfungen. Die Europäische Investitionsbank (EIB) gilt als höchst seriöse Institution. Sie operiert im Auftrag der 28 Regierungen der Europäischen Union und zählt mit einem Kreditvolumen von mehr als 500 Milliarden Euro zu den […]

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Europe’s back is to the future

Bankwatch and Counter Balance statement on the first projects of the European Fund for Strategic Investment (EFSI) Yesterday the European Investment Bank announced [1] the first four projects to be financed from the EUR 315 billion EFSI. These include EUR 303 million for health care research in Spain, a public-private partnership in the Irish health […]

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Event: the Southern Gas Corridor – A discussion on energy security, democracy and human rights violations from Italy to Azerbaijan

Event details: When? Tuesday, May 5, 2015 2 pm – 5.30 pm Where? Résidence Palace 155, rue de la Loi 1040 Brussels, Belgium Register here online (registration is obligatory) The conference will be structured as follows: Introductory remarks – 10 min By MEP Claude Turmes (Greens/EFA, Luxembourg) and Emma Hughes, Platform (UK) Session 1 – […]

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EIB must tighten rules on tax havens, NGOs warn

By Benjamin Fox, Originally appeared in the EU Observer The European Investment Bank (EIB) must tighten up its lending rules to prevent its money being funnelled through tax havens, NGOs have warned in a new report. The report ‘Towards a Responsible Taxation Policy for the EIB’, published on Tuesday (21 April) by transparency NGOs Re-Common […]

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EIB must tighten rules on tax havens, NGOs warn

Originally appeard on EU Observer by Benjamin Fox The European Investment Bank (EIB) must tighten up its lending rules to prevent its money being funnelled through tax havens, NGOs have warned in a new report. The report ‘Towards a Responsible Taxation Policy for the EIB’, published on Tuesday (21 April) by transparency NGOs Re-Common and […]

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La banca pubblica dell’UE e i paradisi fiscali

Originally appeared in AlterEconomia by Luca Manes Anche se si è dotata di linee guida specifiche sulla questione dei Paesi a tassazione agevolata, la Banca europea degli investimenti, di proprietà dei 28 Stati dell’Unione, finanzia ancora imprese che spostano quei soldi verso tax heaven. Secondo un rapporto di Re:Common, l’istituzione dovrebbe garantire maggiore trasparenza anche […]

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EIB: From bad banking to good banking

Like many other public banks, the European Investment Bank (EIB) leverages its own means by acting as a catalyst for private investment through various financial mechanisms. Too often, though, attempts to attract private capital result in unpredictable risks and higher-than projected costs for the public coffer, write Xavier Sol and Fabio De Masi, Originally appeared […]

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