On Tuesday 15 January, Parliament approved by a very large majority the withdrawal of the United Kingdom from the capital of the European Investment Bank (EIB) once Brexit becomes effective.
Only consulted on this legislative proposal emanating directly from the EIB, MEPs agree that the UK share of the Bank’s capital, which since 1 July 2013 has amounted to EUR 39.2 billion, including EUR 3.5 billion of capital actually paid in, should be removed. After Brexit, the EIB will be endowed...