Brussels, 07/05/2014 (Agence Europe) - On Tuesday 6 May, the Ecofin Council enshrined the inter-institutional agreement on increasing the European Investment Fund (EIF)'s capital in order to allow it to increase lending to the European economy (see EUROPE 11039).
The European Union will subscribe to an additional 450 shares of €1 million each, to be purchased over a four-year period starting this year. From 2014 to 2017 inclusive, the EU budget will provide €178 million a year to cover...