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Statement by European Investment Bank President Hoyer following press reports on EIB group position on Greece

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ebiFollowing press reports about the European Investment Bank (EIB) Group’s position on Greece, EIB President Werner Hoyer (pictured) issued the following statement: “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.
 
"The EIB Group has a very strong track record of lending in Greece. Since the crisis the EIB has provided funding amounting to more than €11 billion. As of today, outstanding loans (the EIB’s exposure) in Greece amount to more than €16.9bn, equivalent to around 9.4% of Greece’s GDP. The EIB has been and will remain strongly committed to financing projects in Greece.”
Eurogroup president expected to discuss Athens' reform plan

The state of play in Eurogroup talks with Greece is set to dominate the Economic and Monetary Affairs Committee’s regular debate on euro zone economic indicators with Eurogroup President Jeroen Dijsselbloem on Tuesday morning (24 February) from 10h. Soon after this meeting, Eurogroup ministers could debate a list of reform measures which the Greek government is set to table on Monday.

Greece’s eurozone peers expect it to stick to its commitment to a broader and deeper structural reform process, aimed at growth and employment, ensuring stability of the financial sector and enhancing social fairness, say Eurogroup ministers in the conclusions of their meeting last Friday. The Greek government has pledged to implement reforms to tackle corruption and tax evasion and improve public sector efficiency.

You can watch the debate live via webstreaming on EP Live and EbS+ and Twitter coverage on @EP_Economics with #eurogroup.

More information

Eurogroup statement on Greece (20.02.2015)
Remarks by Jeroen Dijsselbloem at the press conference following the Eurogroup meeting of 20.02.15

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