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Nov 26, 2024
euobserver
The European Investment Bank HQ in Luxembourg. (Photo: European Investment Bank)

EU investment bank slammed for lending to mega corporations

by Wester van Gaal, Amsterdam, November 22, 2024, 1:09:21 AM
1 co-observer

EU policymakers are laser-focused on increasing the EU’s competitiveness compared to the United States and China.

One of the main driving forces behind this agenda is the European Investment Bank (EIB). With assets worth €550bn it is by far the largest multilateral bank in the world. Traditionally, the EIB’s focus was on sustainable development, and fostering...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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3 days agoby Robin

Minor correction; 'detector' should read 'sector'.

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3 days agoby Alejandroin reply to Robin

Thanks Robin, fixed!

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The European Investment Bank HQ in Luxembourg. (Photo: European Investment Bank)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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