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EU Approves 10 Billion-Euro EIB Boost

Prashant Sihag | Friday 29 June 2012 ( 0 Comment)
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European Union leaders approved a 120 billion-euro ($149 billion) plan to promote growth in the 27-nation bloc that includes a capital boost for the European Investment Bank.

The government chiefs agreed on a 10 billion-euro capital increase for the EIB today as a centerpiece of the long-term growth plan, which includes infrastructure financing, tax-policy pledges and more focused use of EU funding. It also calls for project bonds and support of small and medium-sized businesses.

 

source Bloomberg/cnn

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