The European Investment Bank (EIB) was active in Greece before the crisis, it remained during the crisis and its intention is to continue to be active after the crisis, EIB President Werner Hoyer said on Monday. According to Hoyer, the process, which started on Friday with Eurogroup’s agreement, is decisive: “I hope it will lead to practical results in the next four months while the next 24 hours are just as important until the agreement is finalized.” EIB already has “quite significant” exposure to Greece at 16.9 billion euros, equal to more than 9% of the country’s annual economic output, Hoyer said. Asked if more can be done, he said that if there are good and viable programs, EIB is ready to review them, but noted there are no projects for Greece. “For the moment, I do not see any new projects,” he said, adding that the amounts that have already been earmarked for the country are huge and have immensely increased in the past two years. (source: ana-mpa)
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