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 billion in paid-in capital and €9 billion in callable capital. The Council decided that the European Union may buy up to 27,013 callable shares from now until 31 December 2011. (LC/transl.fl)