Dear friends, dear interested,
A public hearing with representatives of the European Investment Bank (EIB) will take place tomorrow, Tuesday 26 May, at 10 a.m. in a joint meeting of the European Parliament’s Economic and Monetary Affairs Committee and the Budget Committee. The EIB plays a key role in the EU’s efforts to stabilise the economy in the Corona crisis. Although the EIB is withdrawing in an exemplary manner from financing fossil energy projects, it remains active in questionable transport infrastructure projects and factory farming. Moreover, the EIB is very risk averse in its lending and finances too few forward-looking but high-risk projects that private investors shy away from. We will be asking the EIB representatives critical questions about this.
Invited to the hearing are Andrew McDowell, Vice-President of the EIB, Wilhelm Molterer, Managing Director of the European Fund for Strategic Investments (EFSI), Fabrizio Palermo, CEO of the Italian development bank Cassa Depositi e Prestiti and Xavier Sol, Director of the NGO coalition Counter Balance, whose invitation was also proposed by us Greens.
The hearing is public and can be followed here: https://multimedia.europarl.europa.eu/en/budg-econ-committee-meeting_20200526-1000-COMMITTEE-BUDG-ECON_vd
With green European greetings,