Giovedì, 18 Ottobre 2018

Finance ministers eye billions in EIB capital for SME loans


(see related)
Rome, June 14 - Italy's economy minister on Friday
said the eurozone's four biggest economies agreed that the
European Investment Bank (EIB) should use a capital increase
towards creating up to 60 billion euros in financing for small
and medium enterprises (SMEs).
Fabrizio Saccomanni was speaking after a meeting in Rome on
the eurozone unemployment crisis, which was attended by labor
and finance ministers from France, Germany, Spain and Italy.
He said "there was consensus on finding new financing
channels for SMEs" and on the need for "the EIB, which had a
capital increase of 10 billion euros last year, to use (these
funds) in an innovative way, multiplying the capital base up to
a maximum of 60 billion euros".
Distinct from the European Central Bank (ECB), the EIB is
the EU's nonprofit long-term lending body, whose shareholders
are member states.

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