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

30 April, 2015

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.

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Ukraine’s Other Chernobyls

30 April, 2015

For safety reasons, Europe must help the Ukrainian government retire, not revive, its nuclear reactors. (This commentary originally appeared on Project Syndicate.)

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Discovering Ukraine’s Nuclear Shadows

27 April, 2015

– UPDATING STORY – A Bankwatch fact-finding mission is currently in Ukraine to explore the state of nuclear energy in the country, particularly in light of intentions to extend the lifetime of 12 Soviet-era nuclear units.

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Jailing of prominent human rights activists in Azerbaijan casts a shadow over Europe’s planned gas deals with the Aliyev regime

24 April, 2015

London, Prague — Azerbaijan’s authoritarian regime has been intensifying its crackdown on civil society with the recent jailing of two leading human rights defenders. The Aliyev regime has gained much of its political and financial clout by siphoning off proceedings from the country’s vast oil and gas reserves. These are the same reserves that the EU is now planning to make its next big source of gas, and the same government that the EU still considers a legitimate partner.

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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)

23 April, 2015

Yesterday the European Investment Bank announced 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 sector, the expansion of the Dubrovnik airport in Croatia and a nineteenth century Italian steel factory.

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