by N. Peter Kramer
During a pressconference EIB President Werner Hoyer answered
on a question about the EIB Group’s position on Greece that "The EIB Group
looks forward to increasing its financing for projects in Greece".
As a long term investor institution for the whole EU, the EU Bank does not apply country quotas but evaluates funding opportunities based on the number, nature and quality of the projects that are submitted to it.
Accordingly, the EIB cannot
predict the amount of lending it will make available for any given country.
Subject to this model, the Bank is actively looking for opportunities and
proposals for project funding in Greece and to options for increasing its
overall level of financial involvement in the country’.
He continued saying,
‘the EIB has been and will remain strongly committed to financing projects in
Greece.” The EIB Group has a very strong track record of lending in
Greece.
Since the crisis the EIB has provided funding amounting to over € 11
billion. As of today, outstanding loans (the EIB’s exposure) in Greece amount
to over € 16.9bn, equivalent to around 9.4% of Greece’s GDP.
By: N. Peter Kramer
