Brussels, 21/12/2012 (Agence Europe) - On 18 December 2012, the European Investment Bank (EIB) Board approved a new financing instrument for the first time for Greece, which will enable the EIB to provide trade finance support to Greece for an amount of up to €500 million.
The EIB, which is traditionally involved in providing long-term finance on favourable terms, is thus adding a short-term credit support instrument that will address the gap left by retreating commercial banks. The EIB...