Source: Desislava Stoyanova, New Europe
The European Investment Bank – the European Union’s house bank – should lend more responsibly and more transparently, said the European Parliament on Thursday while assessing the bank’s annual activity report. But the capital increase at the EIB called for by the same European Parliament would hardly allow an already over-stretched institution to make such improvements. The bank would be better advised to work on improving management of current resources before rushing into a capital expansion.