WHAT DO THE London Underground, a new bridge across the Panama Canal, the National Bank of Serbia and the Prince of Wales have in common? One way or another, they've all received financial support from the European Investment Bank or its sister organization and venture capital arm, the European Investment
Fund (EIF).
The EIB has lent £900 million ($1.6 billion) to the two concessionaires on the three controversial public-private partnerships (PPPs) to upgrade London's underground rail network. At the end of March, it announced that it would lend $50 million to the Republic of Panama to help finance the Puente del Centenario bridge, which will be the second bridge to span the Panama Canal. National Bank of Serbia is one of the financial intermediaries that receive and then on-lend the EIB's global loans.
And Prince Charles? Well, the Prince's Trust, the charity that the heir to the British throne...
