The European Investment Bank

Author(s):  
Judith Clifton ◽  
Daniel Díaz-Fuentes ◽  
Ana Lara Gómez

The European Investment Bank (EIB) constitutes one of the main institutional pillars upon which the European Union (EU) was built. Strikingly, the institution has attracted little research. EIB Statutes can be condensed down to five overarching objectives that its lending should prioritize: originally, development, integration and investment, and, since the mid-1990s, environmental protection and tackling unemployment. This chapter provides a comprehensive qualitative analysis of EIB lending to Europe from its origins to the present and examines the Bank’s loans in light of its lending objectives. We find a watershed moment occurring at the end of the Cold War. Until the 1990s, the EIB promoted integration and development above the alleviation of capital constraints. Since then, however, there was a progressive ‘mechanization’ of EIB loans at the expense of securing the institution’s mission, to the extent that loans were increasingly associated with capital subscribed by its members. This could mean that the EIB mission as found in its Statutes and its lending practice is becoming increasingly misaligned.

2021 ◽  
pp. 42-78
Author(s):  
Margot Horspool ◽  
Matthew Humphreys ◽  
Michael Wells-Greco

This chapter discusses the role and composition of the institutions of the EU. These include the European Council, the Council, the Commission, the European Parliament, the Court of Justice of the European Union (CJEU) and the General Court, the Court of Auditors, the European Economic and Social Committee (EESC), the Committee of the Regions (COR), the European Investment Bank and the European Central Bank. This chapter also discusses the EU’s associated bodies or agencies as well as their respective roles and the ways in which they interrelate with the EU institutions.


Author(s):  
Margot Horspool ◽  
Matthew Humphreys ◽  
Michael Wells-Greco

This chapter discusses the institutions of the EU and associated bodies. These include the European Council, the Council, the Commission, the European Parliament, the Court of Justice of the European Union and the General Court, the Court of Auditors, the European Economic and Social Committee (EESC), the Committee of the Regions (COR), the European Investment Bank, and the European Central Bank.


Author(s):  
Stephany Griffith-Jones

AbstractThis chapter analyzes the Juncker Plan, in particular, the European Fund for Strategic Investment (EFSI), highlighting its achievements in expanding investment in the European Union and challenges in mitigating future risks to the European Investment Bank, as well as maximizing the development impact of its activities.


Author(s):  
Marcus Klamert

Article 291 EC The Union shall enjoy in the territories of the Member States such privileges and immunities as are necessary for the performance of its tasks, under the conditions laid down in the Protocol of 8 April 1965 on the privileges and immunities of the European Union. The same shall apply to the European Central Bank and the European Investment Bank.


2021 ◽  
Vol 11 (5) ◽  
pp. 294-306
Author(s):  
Zoltán Eperjesi

Regional disparities have always been present in the history of the European Union that has become more and more significant and intense on the occasion of the continuous enlargements of the integration. The European Investment Bank (EIB) as a policy driven development bank of the European Union plays a crucial role in reducing these regional disparities and fostering the social and territorial cohesion of the union by providing funds at favourable terms. The EIB, on the path of considerable metamorphosis, is being transformed to a so called climate or green bank, having simultaneously two task to fulfil, namely to strengthen the European Union’s position on the multi-polar global market and secure a just transition for those regions that are mostly hit by the measures taken for a climate-friendly and environmentally sustainable economy. All of the multilateral development banks following the parity and disparity models place great emphasis upon climate finance to contribute to sustainable economic growth, increasing employment and a heathy planet. The research covers the period of time between 2015 and 2025.


2018 ◽  
Vol 92 (1) ◽  
pp. 3-28 ◽  
Author(s):  
Petri Paju ◽  
Thomas Haigh

IBM Finland, a small national subsidiary, was at once a Finnish business and an interface to much larger networks of technological innovation and knowledge sharing. We contextualize its development within a nested set of institutions and identities: IBM's Nordic operations, its European business, and its World Trade Corporation. Its development was profoundly shaped by Finland's unique geopolitical position during the Cold War. IBM's internal structures anticipated and paralleled those of the European Union, with mechanisms for international cooperation, for the creation of transnational identities, and for the resolution and regulation of disputes between national subsidiaries.


Author(s):  
Bertjan Verbeek ◽  
Andrej Zaslove

This chapter discusses the impact of international politics on the rise of populist parties as well as the impact of populism on the foreign policy of the countries in which populist parties are present. It argues that the end of the Cold War, the advent of globalization, and the impact of regional organizations (e.g. the European Union) presented opportunity structures that facilitated the rise of populist parties. Similarly, the chapter argues that the effect of populist parties on their countries’ foreign policy is largely due to their attaching ideology. The chapter thus distinguishes between four types of populist parties, each attaching salience to different foreign policy issues: the populist radical right, the populist market liberal, the populist regionalist, and the populist left.


2015 ◽  
Vol 7 (1) ◽  
pp. 410-425
Author(s):  
Timo Koivurova

This article examines moments of opportunity when non-governmental organisations (NGOS), inter-governmental organisations (IGOS), the European Union or nation-states have shown interest in discussing or commissioning studies on a comprehensive Arctic Treaty as a way to govern the region.These ‘windows of opportunity’ moments will be studied chronologically, starting from the end of the Cold War and progressing to the present day. It is also interesting to examine these proposals and their positioning against the current landscape of Arctic and global governance. The article will then examine how the region’s nation-states and other actors have actually opted to meet the challenges of this intensely transforming region, asking whether the states or other authoritative actors have been in favour of a comprehensive Arctic Treaty or if they have preferred to adopt some other solutions in respect to Arctic policy and law. Finally, it is of interest to examine the possible ways forward in governing a region that is undergoing dramatic transformation due to climate change and economic globalisation.


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