Extra capital to boost investment bank

Author (Person)
Series Title
Series Details 3.12.08
Publication Date 03/12/2008
Content Type

Europe’s fight against recession received a useful if modest boost on the 2 December 2008 whe EU Finance Ministers agreed to increase the capital of the European Investment Bank, the European Union’s investment agency. The bloc’s 27 ministers decided to raise the EIB’s capital by €67bn to €232bn to help it fund 'green technology' projects in the European car industry, make loans to small and medium-sized businesses, and accelerate the distribution of EU regional aid to central and east European member-states.

Subject Categories
Countries / Regions