The EIB in Greece: by the numbers
Blog entry | 15 June, 2012As Europe’s financial establishment braces for the results of tomorrow’s Greek elections and Eurozone officials dangle the carrot of a new European Investment Bank programme in front of Athens, we’ve prepared a snapshot of previous EIB loans in the country. [1] [2] [3] [4] (NB: any tricolour similarities are entirely coincidental.)
Read moreThe revolution should not be privatised
Blog entry | 12 June, 2012Pushing for public-private partnerships will not support democratisation in the Arab Spring countries but risks increasing their public debt. Our new website brings together the PPP lessons that Europe should have learned.
Read moreThe European Investment Bank is not ready for a capital increase, NGOs say
Press release | 15 May, 2012Brussels – As EU Ministers of Finance are currently gathering at the Annual General Meeting of the European Investment Bank (EIB) to discuss a possible capital increase, civil society organisations that monitor the EIB say the bank is not ready for such a move.
Read moreThe writings on the European Parliament’s wall: Make the EIB choose a brighter future
Blog entry | 15 May, 2012Ahead of the European Investment Bank’s annual meeting, Counter Balance and Bankwatch have chosen an unconventional way to remind the EIB shareholders of the bank’s chequered track record.
Read moreVideo projected on the European Parliament questions potential European Investment Bank’s capital increase
Press release | 14 May, 2012Brussels – On Monday night a video was projected on the building of the European Parliament which denounced the unsustainable energy portfolio of the European Investment Bank (EIB). The 1 minute video concluded with: “Make the EIB chose a brighter future before increasing its capital”, a message for EIB governors which gather Tuesday 15 May in Brussels during the bank’s Annual General Meeting. The main topic will be a possible capital increase of the EIB.
Read moreThe medium-sized EIB bazooka – Europe’s people and environment must benefit this time around
Blog entry | 11 May, 2012As it begins to dawn on Europe’s elite that fiscal austerity is not working after all, the European Investment Bank is once again the talk of the EU as decision-makers scramble to stimulate national economies that are hemhorraging jobs and living standards – and hope – across the continent.
Read moreEurope’s energy games are not child’s play
Blog entry | 23 April, 2012A new campaign video illustrates Europe’s self-absorbed approach to its energy policy outside Europe. (A blog entry Cross-posted from the Counter Balance blog.)
Read morePoland’s anti-climate gamble continued
Blog entry | 18 April, 2012Poland’s application for free emission allowances is a disgrace to European climate goals. If granted, the country’s fossil fuel centred plans would mean a step back for Europe’s plans to decarbonise its energy sector.
Read moreSuspension or no suspension, the EBRD freezes disbursements for the Šoštanj lignite power plant
Blog entry | 18 April, 2012With the decision to freeze the disbursement of a loan for the Šoštanj lignite power plant in Slovenia, the European Bank for Reconstruction and Development seemingly reacts to the many controversial points Bankwatch and other organisations have raised about the project.
Read moreSlovenia: The EBRD freezes loan disbursements in Alstom’s coal project over corruption allegations. NGOs call on the EIB to follow suit
Press release | 18 April, 2012Paris, 18 April 2012 — The European Bank for Reconstruction and Development (EBRD) announced that it is freezing the disbursement of the promised EUR 100 million loan for the construction of a new lignite block at thermal power plant TES 6 in Šoštanj, Slovenia. The decision by the EBRD comes after a group of Slovenian and international NGOs approached the EBRD asking for the bank to halt the loan until corruption allegations are investigated.(1)
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