Brussels, 22/11/2010 (Agence Europe) - The European Investment Bank (EIB) has just announced a €450 million loan to Portugal to help meet the objectives of the National Strategic Reference Framework for 2007-2013. This is the first tranche of a total approved loan of €1.5 billion, the largest loan the EIB has ever granted in Portugal, which is currently facing massive economic and budgetary problems.
The loan will be used to co-finance projects also supported by EU structural funds in...