European Investment Bank News
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The European Bank for Reconstruction and Development approved 30 million-euro (38.6 million) financing for small and medium-sized business in Serbia that will be disbursed through the local units of UniCredit SpA.
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European Union leaders will call for a study of energy prices and costs facing households and energy- intensive industries, according to draft conclusions of their May 22 summit.
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Germany and France will announce joint proposals this month to address Europe’s soaring youth unemployment, the Labor Ministry in Berlin said, confirming a newspaper report of a planned “New Deal for Europe.”
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European policy makers expressed a willingness to consider new ways to revive their ailing economy as they confronted fresh U.S. pressure to take action.
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European Central Bank President Mario Draghi said the ECB is considering buying asset-backed securities among possible options to support lending to small and medium-sized companies.
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The European Bank for Reconstruction and Development meets today and tomorrow in Istanbul as the 34 countries it invests in, from Russia to Morocco, seek to kickstart their economic recoveries.
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Energiepark Bruck, an Austrian renewable-energy developer, won a 140 million-euro ($184 million) loan from the European Investment Bank to finance wind power in the nation.
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European Central Bank Executive Board member Yves Mersch said interest-rate reductions become more ineffective as they approach zero.
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European Central Bank Executive Board member Joerg Asmussen said the ECB has discussed buying asset- backed securities to support lending to small and medium-sized companies.
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Following is a transcript of European Central Bank President Mario Draghi’s comments from his monthly news conference in Bratislava today:
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