Archive | May, 2018

European Ombudsman requests more lending transparency from European Investment Bank

Brussels, 24 May 2018 The European Ombudsman has asked the European Investment Bank (EIB) to increase transparency in its lending activities. A group of NGOs has welcomed the decision, published yesterday, but regrets the weak language used, which only makes suggestions and encourages the Bank to adopt certain levels of transparency. The decision was adopted […]

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Citizens for Financial Justice (EU DEAR)

Counter Balance is part of the EU DEAR project “Citizens for Financial Justice”: Informing and connecting citizens to act together to make the global finance system work better for everybody. Currently the global financial system increases inequality, often fails to create decent jobs, undermines human rights, devastates the environment and is creating debt crises. The […]

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Controversial EIB-backed projects under fire at European Parliament

3 May 2018 Today, the European Parliament adopted a critical report on the activities of the financial arm of the EU – the European Investment Bank (EIB). This report reiterates previous calls for the bank to step up its sustainability, transparency and accountability. During the debate held in the plenary of the Parliament in Brussels, […]

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