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Europe Daily Bulletin No. 8164

6 March 2002
Contents Publication in full By article 15 / 44
GENERAL NEWS / (eu) eu/mediterranean
Differences at ECOFIN Council on Euro-Mediterranean Bank

Brussels, 05/03/2002 (Agence Europe) - Economics and Finance Ministers meeting on Tuesday at the Council were divided over the different options about creating a Euro-Mediterranean Bank. One thing was certain, the possibility of creating a new bank was ruled out by all because of budgetary consequences. Positions vary according to the three other options envisaged: The creation of a EIB subsidiary was supported by the Commission, Italy, Portugal, France and Spain; The United Kingdom, Germany...

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