Exact(56)
"Effectively we're building a new EIB within the EIB," said the senior official.
The European Investment Bank (EIB) is to help small businesses employ and train youngsters, and some European "structural funds" are to be redeployed towards helping the young.
In the EU he wants common European project bonds to finance infrastructure, a capital injection for the European Investment Bank (EIB) and a redirection of EU regional funds towards jobs.
His four ideas are: a greater role for the European Investment Bank (EIB); the issue of European "project bonds" to finance investment in infrastructure and energy; a financial-transactions tax; and the more efficient use of structural funds.
Fiat is seeking, and likely to get, similar help from the Italian government.Britain, where the car industry is almost entirely in foreign hands, is tapping the EIB for a £2.3 billion ($3.3 billion) loan and providing credit guarantees worth a further £1.3 billion.
The European Investment Bank (EIB) was offering JLR a £340m loan for the development of green technology, but required a government guarantee.
Unlike the EBRD, which adds technical assistance and monitors each project locally, the EIB tends to push out the money from its headquarters in Luxembourg and trust the local banks to run the projects.
Similar(4)
To make this programme macroeconomically significant, the European Investment Bank should at the same time embark upon a large-scale, pan-euro-zone investment-led recovery programme, safe in the knowledge that the ECB is standing by to keep EIB-bond yields ultra-low.
In the short run, the EIB-ECB partnership can take over projects that fiscally stricken governments have mothballed.
The bonds issued by the EIB/EIF are issued on behalf of all EU states.
Another chunk comes from that hardy perennial, expansion of the European Investment Bank EIBbut buthisinstitutionisnotoriouslyouslowslow and cautious about any risky projects.The commission hopes that national governments will support its investment plan with contributions of their own.
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