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Europe Daily Bulletin No. 9821

20 January 2009
Contents Publication in full By article 26 / 34
GENERAL NEWS / (eu) eu/eib
Commission proposes renewal of EU guarantee to EIB for financing operations in certain third countries

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...

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