Meeting within the EIB’s Board of Directors, the European Finance Ministers were called upon, on the evening of Tuesday 26 May, to finalise the terms of the European Guarantee Fund for European companies.
Based on national guarantees of 25 billion euros allowing for intervention up to 200 billion euros, this fund is one of the three safety nets approved by the European Council to deal with the socio-economic crisis caused by the Covid-19 (see EUROPE B12488A1).
The Ministers were to...