EU
EU leaders urged to plough money into European Investment Bank to fund climate, defence spending
The president of the European Council said bloc members have underestimated the power of the Luxembourg-based bank
EU leaders should consider ploughing more money into the European Investment Bank (EIB) to help fund climate infrastructure and defence spending, a top EU official has said.
European Council president Charles Michel, who chairs EU leaders’ summits, tabled the idea as part of his “new deal on European competitiveness” which he will put to the bloc’s 27 prime ministers and presidents at a gathering next week.
He said the bloc requires “massive investments” to keep ...
