What’s the real danger for Cohesion Policy: wrong accounting or wrong results?
10 November, 2011
The proper financial management of EU funds is important to avoid fraud and illegitimate spending. Yet more important is the quality of the funded projects.
Read moreNGO coalition urges EBRD not to finance destruction of national park in Macedonia
7 November, 2011
Skopje – A coalition of more than 30 Macedonian and international NGOs are calling on the European Bank for Reconstruction and Development (EBRD) not to finance Boskov Most hydro power plant in north-western Macedonia. The project would seriously damage Mavrovo national park, the largest in the country and a potential Natura 2000 site, while at the same time being envisaged to produce a relatively small amount of electricity to be used only for the stabilization of the national energy system.
Read moreHydropower vs. nature in southeast Europe: EBRD complicity in environmental crime?
31 October, 2011
Why is it that when we advocate for something to the international financial institutions (IFIs) they often manage to give it a peculiar twist of their own?
Read moreHaircuts for eurozone citizens? A closer look at the EFSF
27 October, 2011
The European Financial Stability Facility is a crucial element of eurozone leaders’ proposed solution to the debt crisis. But behind the shining EUR 1 trillion armour of the EFSF lurks an institution that could bring further mayhem as a closer look by Bankwatch’s alternative economics coordinator Roman Havlicek reveals.
Read moreNGOs call on the EBRD not to finance “high risk” underground HPP in Croatia
26 October, 2011
Zagreb — Croatian and international environmental organisations have today called on the European Bank for Reconstruction and Development (EBRD) not to go ahead with a planned EUR 123 million loan for the Ombla hydropower plant near Dubrovnik in Croatia, due to be approved by the bank’s Board of Directors on November 8. In an open letter to the bank, the organisations point to ecological, economic, and procedural problems with the plans, which even the consultants hired by the EBRD to assess the project have described as “high risk”.
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