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Image header Agence Europe
Europe Daily Bulletin No. 8160
Contents Publication in full By article 10 / 47
GENERAL NEWS / (eu) eu/mediterranean

Commission proposes to set up Euro-Mediterranean Bank as an EIB subsidiary

Brussels, 27/02/2002 (Agence Europe) - The European Commission finally chose the option of a Euro-Mediterranean Bank (EMB) as an EIB subsidiarity in the report to the Council it adopted on Wednesday. The College is not in 100% agreement on the type of bank to be set up to solder the partnership on either side of the Mediterranean and stimulate economic development in the south (see yesterday's EUROPE, p.8). Commenting on the choice, Romano Prodi said that strengthening Euro-Med co-operation...

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