Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-945"
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"en.20100506.23.4-945"2
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The European Investment Bank (EIB) was established in 1958 by the Treaty of Rome. The EIB, as the long-term lending bank of the European Union, lends money to the public and private sectors for projects of European interest, using the financial markets and its own funds. Its main target is to contribute to the integration, a balanced and sustainable development as well as an economic and social cohesion of the EU Member States. In 2008, the EIB had to face unprecedented challenges, as the global economic crisis has reached the European Union’s economies as well. In terms of crisis management, I am pleased to highlight the EIB’s quick response to the global economic crisis by self-financing an increase of its capital and hence raising its volume of lending in support of the European Economic Recovery Plan. I therefore welcome the EIB’s annual report for 2008 and the adoption of this report, which encourages it to continue its activities to promote the development of the European economy and foster growth, stimulate employment, and promote interregional and social cohesion."@en1
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