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Thanks a trillion! EU budget summit fails – but green spending hopes still alive

Bankwatch Mail | 14 December, 2012 | Download PDF

It was no surprise when the European Council summit meeting dedicated to deciding the EU’s budget for 2014-2020 broke down in Brussels on the afternoon of November 23 with no deal having been reached. The main surprises were how early on the Friday afternoon the EU’s 27 member states decided enough was enough, as well as the relative lack of rancour on display.


Bankwatch gearing up for the ‘business end’ of the 2014-2020 EU funding period

Bankwatch Mail | 14 December, 2012 | Download PDF

There will be MFF 2014-2020 closure, in some shape or form, and presumably at some stage in 2013 – at least, that is, when it comes to the European level negotiating and haggling over the future EU budget. But what comes after? With our long-term EU Funds partners Friends of the Earth Europe, Bankwatch is organising a series of timely events to remind how sustained and constructive dialogue between official institutions and citizens can result in highly rewarding initiatives – all derived from EU budgetary spending.


Asleep at the wheel – Ford cuts jobs in Europe, the EU’s bank delivers for Ford in Turkey

Bankwatch Mail | 14 December, 2012 | Download PDF

The European Investment Bank (EIB) has come under fire in recent weeks thanks to a loan granted to Ford Europe. The EU’s bank signed off on a EUR 200 million loan to the car giant for the company’s relocation of production to Turkey not long after Ford Europe announced the shutdown of its production sites in Genk, Belgium, and Southampton in England.


How many IFIs – and how many millions – does it take to make a safe road?

Bankwatch Mail | 14 December, 2012 | Download PDF

Last month, residents in the village of Krupets in Ukraine blocked the Kyiv-Chop road that runs straight through the village. Their protest – the road was blocked off for more than 90 minutes – came as a result of horrifying car accidents (including ten fatal car accidents since the beginning of this year) that have taken place in their community due to the lack of a speed limit, street lighting and appropriate traffic signs. The regional prosecutor office has initiated a case against the regional roads agency for alleged violation of road and traffic safety standards.


Europe’s PPP crisis – European Commission and EIB magic up the ‘project bonds’ elixir

Bankwatch Mail | 14 December, 2012 | Download PDF

Although public authorities appear increasingly to be turning their backs on public-private partnerships (PPPs) for delivery of services and the provision of infrastructure, the beleaguered investment vehicle continues to be aggressively promoted by the European Commission and the European Investment Bank (EIB). An official in-depth evaluation of this financing model, however, remains long overdue.


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