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Europe Daily Bulletin No. 10492

10 November 2011
Contents Publication in full By article 14 / 43
GENERAL NEWS / (ae) eu/economy
EU to boost EBRD capital

Brussels, 09/11/2011 (Agence Europe) - On Tuesday 8 November, the ECOFIN Council decided to allow the European Union to subscribe to additional capital in the European Bank for Reconstruction and Development (EBRD). In May 2010, the EBRD governing council decided to increase the company's operating capital from €20 million to €30 million because of the financial crisis, in order to fan the flames of economic recovery in areas where the bank is active. The capital increase includes €1...

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GENERAL NEWS