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EIB energy policy review – Time to lock out climate destructive investments for good

Bankwatch Mail | 14 December, 2012 | Download PDF

The European Investment Bank (EIB), the EU’s bank and also the biggest public financial institution in the world by lending volume, has launched a public consultation on its energy policy and is seeking views from the public and other stakeholders that should feed into a review of one of the EIB’s most crucial lending sectors. The new policy is expected to take effect from June 2013.


EBRD mulls latest mega-corp support – for Monsanto

Bankwatch Mail | 14 December, 2012 | Download PDF

Monsanto, the world’s largest seed producer and one of the most well-known promoters of genetically modified crops worldwide, is in line to receive USD 40 million of public financial support from the European Bank for Reconstruction and Development (EBRD), the bank disclosed last month.


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.