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Europe Daily Bulletin No. 8892

19 February 2005
GENERAL NEWS / (eu) eu/ecofin/tsunami
Still no decision on EIB loan facility

Brussels, 18/02/2005 (Agence Europe) - At midday on 17 February, the EU finance ministers discussed the setting up of a European Investment Bank financing facility but the assessment of requirements is incomplete and it is therefore too soon to take a position, the Council says. We recall that, further to the earthquake in Asia, the EIB had proposed setting up a loan facility ranging between EUR 500 million to 1 billion to support the financing of reconstruction in the countries hit by the...

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