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Europe Daily Bulletin No. 10757

22 December 2012
Contents Publication in full By article 28 / 36
ECONOMY - FINANCE - BUSINESS / (ae) greece
EIB trade finance for Greece

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...

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