ECONOMY

EIB wants to up lending in Greece by 2-3 bln euros

eib-wants-to-up-lending-in-greece-by-2-3-bln-euros

The European Investment Bank will seek to boost new lending in Greece from an annual 2 billion to 3 billion euros and will send a larger team to the cash-strapped Mediterranean country, its president, Werner Hoyer, said.

“We’re ready to significantly expand if economically resilient and viable projects are being developed,” he said.

“This can range from innovation to tourism, one can imagine a lot, but it has to pay off.”

[Bloomberg]