Wednesday, April 7, 2010 as of 11:14 AM ET
The European Investment Bank is the European Union's long-term lending institution established in 1958 under the Treaty of Rome.
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European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program.
After nearly six hours of talks held during an informal dinner, leaders said they were committed to Greece remaining in the euro zone, but it had to stick to its side of the bargain too, a commitment that will mean a heavy cost for Greeks."We want Greece to stay in the euro, but we insist that Greece sticks to commitments that it has agreed to," German Chancellor Angela Merkel told reporters after a Wednesday evening summit in Brussels dragged long into the night.Three officials told Reuters the instruction to have plans in place for a Greek exit was agreed on Monday during a teleconference of the Eurogroup Working Group (EWG) - experts who work for euro zone finance ministers.The Greek finance ministry denied there was any such agreement but Belg...German Finance Minister Wolfgang Schaeuble is ready to discuss initiatives to boost economic growth in the European Union although he opposes more stimulus financed ...
Europe needs regional investments in energy, transport and digital infrastructures, and should boost funding of the European Investment Bank to achieve it, European ...
The European Union shares a "common goal" to revive jobs and growth with French President-elect Francois Hollande, European Commission President Jose Manuel Barroso ...
A large number of European Union governments support expanding the role of the European Investment Bank to boost growth, European Council President Herman Van Rompuy...
German Chancellor Angela Merkel opposes an economic stimulus program to boost the European economy, instead favoring reforms and increasing the European Investment B...
European Union officials are preparing a so-called "Marshall Plan for Europe," aimed at resurrecting growth in countries hard-hit by austerity measures, such as Spai...
It is the right time for a debate on growth to take center stage, European Council President Herman Van Rompuy said Thursday as he stressed that some countries have ...
Chinese car maker Zhejiang Youngman Lotus Automobile Co. has placed a bid of approximately 3.2 billion Swedish kronor ($470 million) for the assets of bankrupt Swedi...
Shares of Goldman Sachs Group Inc. rose modestly in early Wednesday trade but was generating a fair amount of headlines, restructuring its board and reportedly set t...
Revenue at the European investment bank of Goldman Sachs Group Inc. rose 8% in the first quarter to $476 million from the same period a year ago, Reuters reported, c...
DOW JONES NEWSWIRESGoldman Sachs Group Inc.'s (GS) European investment bank has seen an increase in client use of derivatives in the first quarter, boosting revenue ...
A positive tone in the European credit market Tuesday helped encourage Glencore International PLC (GLEN.LN) and Iberdrola (IBE.MC) to keep primary-market momentum fl...
Mark Rutte, Holland's caretaker prime minister, reiterated Thursday his strong opposition to the creation of jointly backed euro-zone bonds."Euro bonds are simply no...
Italian prime minister Mario Monti said Thursday a majority of the European Union leaders at an informal summit in Brussels expressed support for euro-zone bonds, bu...
European leaders reiterated Thursday they supported Greece's continued euro membership as long as the country honored its commitments under its adjustment program fo...
Eurozone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank sai...
International Monetary Fund head Christine Lagarde Tuesday called on euro-zone governments to accept more common liability for each other's debts, saying that the re...
The European Bank for Reconstruction and Development's 63 government shareholders Friday chose the U.K.'s Suma Chakrabarti from among five candidates to become its n...
The European Bank for Reconstruction and Development's 63 government shareholders Friday chose the U.K.'s Suma Chakrabarti from among five candidates to become its n...
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