Episode 46: An EIB for the people

EU Watchdog Radio

Corporate Europe Observatory and Counter Balance

News, Politics

5 • 1 Ratings

🗓️ 24 September 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the European Commission’s current mandate draws to a close, some Commissioner’s are contemplating their next moves. One such politician is current Vice President Margrethe Vestager, who is campaigning to become the next president of the European Investment Bank (EIB). She is one of five potential candidates who will take over from current EIB president Werner Hoyer at the end of this year, with the successor to be chosen in the coming months.The EIB is the largest multilateral development ...

Transcript

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0:00.0	You're listening.
0:06.0	You're listening to EU, man on the moon, motion.
0:25.2	You're listening to EU Watchdog Radio.
0:30.8	Hello, welcome to a new episode and new season of EU Watchdog Radio.
0:35.3	My name is Paul Creeney, communications officer at Counterbalance.
0:38.5	The end of the European Commission's mandate is getting closer, and some Commission bigwigs are already getting itchy feet. Rannes Timmermans recently
0:43.7	resigned as a Commission Vice President to run the upcoming national elections in the Netherlands,
0:48.6	and another Vice President also has her eye on a new job. Margaret Vestika is currently campaigning
0:54.1	to become President of the European Investment Bank,
0:57.0	the biggest investment bank in the world.
0:59.0	Luckily, there are NGOs focusing on what the ERB is doing and how it is using its financial
1:05.0	power, rather than the famous faces currently fighting over the top job.
1:09.0	How the ERB invests money and its potential to help reshape society is a highly relevant issue for Europe.
1:15.6	To find out more, EU watchdog radios Hans van Scharren spoke with counterbalance director Frank Bannachad.
1:22.6	He explains why the EIB is not yet the EU Climate Bank, which it so likes to claim,
1:28.3	and why the EIB's investment choices are so important.
1:33.3	Welcome, Frank.
1:36.3	You as counterbalance are for many years doing research on the European Investment Bank.
1:43.3	Can you first of all explain to us what the EIB,
1:47.0	as it's called, is and why do you focus on the EIB?
1:51.0	Well, yes. The EIB is the European Investment Bank. And it's a very big public investment bank. It's one of the biggest public
2:02.8	investment banks in the world. And why is this relevant? Well, first of all, it's a public
	...

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