Philippe Maystadt: Lending a hand in Euroland

Philippe Maystadt, president and chairman of the board of directors of the European Investment Bank, speaks to Euromoney's Mark Brown about the bank's lending policies, criticisms from the European Parliament and the bank's response to EU enlargement.

Calling the EIB to account

Who does the EIB lend to? Today we very rarely lend directly to central governments, though we did 20 years ago. The reason is obvious – they can finance themselves in the markets on similar and sometimes better terms.

Can the EIB monitor the money it lends through its global loans scheme effectively? Rapporteur Mónica Ridruejo queried this in her draft report to the European Parliament’s economic and monetary affairs committee (Emac).

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