Ireland is contributing an extra €57 million to the European Investment Bank (EIB) as part of the institution's €10 billion capital raising effort to back new lending over the next three years.
The capital increase, which will nearly double the bank's paid-in capital to €21.6 billion, will enable the EIB to finance €60 billion in new lending - including in Ireland - through the end of 2015. The increase will expand the bank's lending by...
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