Brussels, 19/01/2009 (Agence Europe) - The European Commission, last week, put a draft decision to the European Parliament and Council with a view to renewing the Community guarantee to the European Investment Bank (EIB) in the event of losses from loans or loan guarantees for projects carried out in non-EU countries. The recommended guarantee is capped at €27,800 million for operations signed during the period from 2007-2013.
The proposed Community guarantee is restricted to 65% of the...