Series Title | EurActiv |
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Series Details | 29.08.13 |
Publication Date | 29/08/2013 |
Content Type | News |
Report of comments at a meeting of the Development Committee of the European Parliament in Brussels on the 20 August 2013 as it debated the European Commission's Proposal for a decision of the European Parliament and of the Council on granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union (COM (2013)293). The European Investment Bank says that a €5bn cut in the EU Guarantee Fund insuring EIB external lending, will force an equal cut of 15% in its funding pool for the 2014-2020 budget that will hit ‘neighbourhood’ states such as Egypt and Syria hardest. |
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Source Link | http://www.euractiv.com/development-policy/eib-5-budget-cut-hit-arab-spring-news-529999 |
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Subject Categories | Politics and International Relations |
Countries / Regions | Eastern Europe, Europe |
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