Banking is not a tool to support democracy
New Europe | March 28, 2011Over the next three years, the European Commission is planning to channel seven billion euro for the Southern Mediterranean through the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). But the track record of these two banks raises serious questions over their ability to support democratisation in the region.
Advocacy groups oppose larger North Africa role for EBRD, EIB
Reuters | March 23, 2011A loose coalition of advocacy groups is urging shareholders of two European Union-backed banks to halt plans to expand lending in North Africa as too little attention has been paid to the democratic credentials of recipient countries.
EU ‘ignoring safety risks’ in financing of nuclear expansion in Ukraine
The Ecologist | March 17, 2011As Japan’s Fukushima disaster unfolds, the EU is financing a controversial nuclear expansion programme in Ukraine to increase exports to energy-hungry consumers in western Europe.
The EU forgets Chernobyl as it encourages Ukraine to become major nuclear-generated electricity exporter
openDemocracy | March 15, 2011Ukraine has an energy strategy that sees significant new nuclear build. The European Investment Bank’s “Trans-European Networks” initiative encourages this new build by increasing the capacity for power exports to the West
With banks like these…
European Voice | March 4, 2011Is the EIB undermining the EU’s long-term climate targets? The example of Slovenia suggests it is. Last month, the first European Council devoted specifically to energy confirmed the need for an 80%-95% reduction in output of greenhouse gases by 2050 (
Europe needs to stop financing Russian motorways built on repression
Bellona | March 4, 2011During Russian Prime Minister Vladimir Putin’s visit to Brussels last week, European Commission President José Manuel Barroso did little else than whisper a shy question about human rights before a press conference. The EU certainly can and should do more, especially where the activists who oppose an $8 billion highway project through the ancient Khimki Forest north of Moscow is concerned.
Money talks in EU-Russia relations
EuObserver | March 4, 2011During Vladimir Putin’s visit to Brussels last week, European Commission President Jose Manuel Barroso did little else than whisper a shy question about human rights prior to a press conference. The EU certainly can and should do more.
With banks like these…
European Voice | March 4, 2011Is the EIB undermining the EU’s long-term climate targets? The example of Slovenia suggests it is.
Eastern Europe, Turkey cashing in on EIB crisis funds
Euractiv | February 22, 2011Small and medium-sized companies in Eastern Europe and candidate countries will receive almost half of the money for crisis loans disbursed by the European Investment Bank, according to data released today (22 February).
EU looking north to diversify its energy sources
Norden | February 11, 2011As tensions are flaring up in EU’s southern neighbourhood and the dealings with eastern petro-states are politically embarassing, the 27-strong bloc is looking for inspiration in the Scandinavian energy market and considering a north-south gas corridor.
