Lisbon, 06/11/2007 (Agence Europe) - The European Investment Bank (EIB) is moving towards what it describes as the creation of a Mediterranean bank - wording that indicates a change in direction by the EIB, which in the past stressed the high cost of such a Mediterranean development bank and the danger of losing EU guarantees for loans to non-EU countries in the Mediterranean region. Philippe de Fontaine Vive, Vice-president of the EIB, is calling for a realistic approach, and adds that the...