The EU heads of state and government want to call on the European Investment Bank (EIB) to spend more on security and defense. The European defense industry must have better access to private and public funding, “including through the European Investment Bank, inter alia by reconsidering the definition of dual-use goods and the lending policy […]
Today, the EU finance ministers kick off a debate at the informal Economic and Financial Affairs Council (Ecofin) in Ghent to define the strategic objectives of the European Investment Bank (EIB) for the coming years. A note from the Belgian presidency has outlined nine priorities for this purpose: consolidating the EIB as a “climate bank”; […]
The European Investment Bank (EIB) is strongly supporting the green transition in Europe. In 2023, the EIB provided record investments of €49 billion for climate action and environmental sustainability projects, the bank announced. In total, the EIB Group’s financing volume reached €88 billion for more than 900 projects last year. In addition to climate protection, […]
The European Parliament wants to massively increase its influence in the coordination of economic and budgetary policy as part of the new European debt rules. This is set out in the mandate for the negotiations on the new EU fiscal rules, which MEPs agreed on in Strasbourg. Subject to appropriate confidentiality rules, the Commission is […]
After lengthy and difficult negotiations, the EU finance ministers have agreed on a common position for the reform of European debt rules in a special meeting. Nadia Calviño, President-in-Office of the EU Council, said at the end of the discussions that the agreement on the debt rules was “important and positive news. It will give […]
The EU finance ministers have made further progress in the latest negotiations on the new European debt rules, but it was not enough for a breakthrough. Following a special Ecofin meeting, the current Council President, the Spanish Minister for Economic Affairs Nadia Calviño, stated they were “close to the finish line.”She signaled the Presidency’s willingness […]
Nadia Calviño, the Spanish Minister for Economic Affairs, will become the new President of the European Investment Bank (EIB). This was agreed by the EU finance ministers at their most recent meeting in Brussels. Calviño, who succeeds the German Werner Hoyer, is the first woman to hold the top position in the 65-year history of […]
Within a few days, the Spanish EU Council Presidency has presented a new proposal to break the deadlock among the member states regarding the mid-term review of the EU’s Multiannual Financial Framework (MFF). In order to advance the negotiations for the multi-annual budget, Madrid has further reduced the additional expenditure requested by the EU Commission […]
There had long been speculation in Brussels as to whether the Spanish Presidency would convene a special meeting of EU finance ministers to get the stalled negotiations on the new European debt rules off the ice. Now the time has come today. Spain’s minister Nadia Calviño has invited her colleagues in Brussels to a dinner […]
The Spanish EU Council Presidency has made another attempt to get the stalled negotiations on the mid-term review of the multi-annual EU budget back on track. According to a document obtained by Contexte, Madrid is aiming to make cuts compared to the EU Commission’s proposal, with only the budget item for aid to Ukraine remaining […]