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The European Investment Bank makes €2.5bn in profits a year (Photo: EIB)

Why new EIB chief must prioritise people's basic needs

EU finance ministers will meet s on Friday (15 September) to discuss who should become the new president of the European Investment Bank (EIB) — the largest multilateral development bank worldwide.

Whoever takes up the position will have a huge responsibility to execute meaningful reform and make sure the bank delivers for its ultimate owners — the people and households of the EU.

The EIB's €249bn of subscribed capital c...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Frank Vanaerschot is the director of the EU public finance watchdog Counter Balance. Jan Willem Goudriaan is the general secretary of the European Federation of Public Service Unions (EPSU).

The European Investment Bank makes €2.5bn in profits a year (Photo: EIB)

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Author Bio

Frank Vanaerschot is the director of the EU public finance watchdog Counter Balance. Jan Willem Goudriaan is the general secretary of the European Federation of Public Service Unions (EPSU).

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