EIB to remain active in Greece
- Written by E.Tsiliopoulos
The European Investment Bank (EIB) was active in Greece before the crisis, it remained during the crisis and its intention is to continue to be active after the crisis, the bank’s President Werner Hoyer said on Monday, as he released the EIB s 2014 annual report in Brussels.
According to Hoyer, the process which started on Friday with Eurogroup’s agreement is decisive: "I hope it will lead to practical results in the next four minths while the next 24 hours are just as important until the agreement is finalised."
The EIB already has "quite significant" exposure to Greece at 16.9 billion euros, equal to more than nine percent of the country's annual economic output, Hoyer said.
Asked if more can be done, he said that if there are good and viable programmes, the EIB is ready to review them, but noted that there are no projects for Greece. "For the moment, I do not see any new projects," he said adding that the amounts that have already been earmarked for the country are huge and have increased immensely in the past two years.
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