Finnegan's Take

Archives for Trade & Industry

EU leaders seem to have just discovered the EIB but the truth is the bank has grown increasingly active since the crisis broke In the sleepy Luxembourg headquarters of the European Investment Bank they are unsure how to handle their 15 minutes of fame. Suddenly everyone from François Hollande and Angela Merkel to David Cameron… » read more

Posted by Gary Finnegan

Three years after it was proposed the EU Information to Patients Directive is in limbo European health ministers have poured cold water on a long-standing EU proposal to allow pharmaceutical companies to provide information on medicines directly to patients. Ministers say the Information to Patients Directive could increase red tape for government agencies and companies… » read more

Posted by Gary Finnegan

Fears that Greece could default on its debt tops the EU agenda because it puts the balance sheets of a dozen German and French banks in peril. But Greece has already defaulted on its debts to companies. What is default? EU leaders have been trying to find a way around the fact that Greece cannot… » read more

Posted by Gary Finnegan

MGQ’s influence within the Commission is growing EU Innovation Commissioner Máire Geoghegan-Quinn is expanding her influence in the College of Commissioners by convening two subgroups: on innovation and research. She will chair both, elevating herself to something of a senior commissioner. The innovation subgroup is an official effort by Barroso to pull together various strands… » read more

Posted by Gary Finnegan

When words like “subprime” and “credit crunch” entered the public lexicon in 2007, commentators said it would pass within a few months. Once banks published their annual reports, they said, we’d know who had toxic assets on their balance sheets and confidence would return to the markets. That was two years ago. Now, as the… » read more

Posted by Gary Finnegan

€228 million for entrepreneurs in Cyprus, €300 million for Dutch SMEs, and €200 million for a train in Spain: The European Investment Bank promised three quarters of a billion Euro in loans to help keep economies moving during the credit crunch – and that was just Friday! The Bank has pledged to make €30 billion… » read more

Posted by Gary Finnegan