Finnegan's Take

Archives for EIB

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

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