Bankwatch

[kml_flashembed movie=”http://www.youtube.com/v/Lv9vFCUmGKI” width=”425″ height=”350″ wmode=”transparent” /] This year, the European Commission and Parliament alongside governments of member states are meant to decide the shape of the next one trillion EU Budget (to be used between 2014-2020). The main debate, at the moment, is between net contributors asking to decrease the overall size of the budget… » read more

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The Polish government has a sad reputation for adopting unilateral, even obscure approaches when it comes to our country’s energy policy. What now came as a very disappointing surprise is that the Polish parliament joined the opportunistic chorus of denial – one that considers alternatives to the continued reliance on fossil fuels as a threat… » read more

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For its first loan to ‘Arab Spring’ countries the European Bank for Reconstruction and Development has chosen vehicles and partners whose ability to deliver developmental value is highly uncertain. posted on the Bankwatch blog by Greig Aitken, Bankwatch Mail editor This post is an article from the upcoming Issue 53 of our quarterly newsletter Bankwatch… » read more

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Continued debates about a reduction of the future EU budget jeopardise the potential of using EU funds for energy efficiency and renewables investments to provide necessary economic stimulus and climate mitigation. How much money is needed to create 62 300 jobs and how much to save 523 megatonnes of CO2 emissions annually? Yesterday’s General Affairs… » read more

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Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks. We have seen a number of cases recently, where clients of the European Investment Bank and the European Bank for Reconstruction and Development have allegedly been involved in serious cases of corruption. (See for… » read more

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A recent audit showed that Ukraine lacks good management at least as much as finances to reform its energy sector. EU money is meanwhile siding with a tainted company. by Iryna Holovko, Ukrainian campaigner for Bankwatch In our attempts to promote the development of renewable energy in Ukraine, we constantly hear from officials: “We’re a… » read more

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Europe’s anti-crisis measures include efforts to increase private investments in public infrastructure. Yet, a backlash against public-private partnerships in Portugal is a warning against putting too much faith in this approach. Many reactions to the solutions proposed by Europe’s political leaders to the deepening and spreading eurozone crisis seem to revolve around two things: scepticism… » read more

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Remember this game kids used to play in which you had to find differences between two very similar pictures? I was reminded of it few days ago, when reading news about the latest corruption scandal involving Alstom at a coal plant in Indonesia. A few days ago, the Indonesian Corruption Eradication Commission announced that opposition… » read more

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by Berber Verpoest Shifting gears from the austerity years, EU leaders recently proposed injecting EUR 120 billion into the European economy.

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Hello world!

Welcome to Bankwatch’s BlogActiv blog. We will comment here on European public development finance, including the EU budget, EU Structural and Cohesion Funds, the European Investment Bank and the European Bank for Reconstruction and Development. We might also post an occasional opinion piece on the eurozone crisis or similar topics that affect taxpayers, communities and… » read more

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