Bloomberg News

EIB Funding for Portugal Unlocked as EU Approves State Guarantee

June 27, 2013

The European Commission approved a Portuguese state-guarantee plan for banks that will allow the European Investment Bank to unlock loans to companies in the country.

“With this decision the European Commission and the EIB reinforce their contribution to the financing of the economy, which is essential for growth and job creation in Portugal,” European Commission President Jose Barroso said in an e-mailed statement today.

To contact the reporter on this story: Gaspard Sebag in Brussels at gsebag@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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