The EIB does not have its own safeguard procedures on indigenous peoples or resettlement. There is also hardly any expertise within the EIB on development issues, poverty or especially on environmentally sustainable development.

The need for politicians to spend money leads them to reckless development.

The European Commission must either reject the funding for such projects or demand major modifications.

This is not how EU taxpayers' money should be used.

Trading expertise is something that you can purchase on the marketplace.

The transaction reflects our disciplined strategy of investing capital in core businesses where we can leverage scale and expertise for competitive advantage. In addition to being a great strategic fit, the deal is compelling financially.