German Chancellor Angela Merkel is backing calls by the EU commission to boost the funds of the European Investment Bank (EIB), a move meant to show that leaders are putting their money where their mouth is in terms of growth.
As leaders are increasingly shifting their focus from austerity to growth-boosting measures, older plans tabled by the EU commission in the past few years are being revived.
Boosting the lending capacity of the Luxembourg-based EIB is one of those ideas.
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