Today, we reveal what it takes for the European Commission to block an investment by the European Union’s own bank. In a word: China.
Each year, the European Investment Bank issues hundreds of requests to the commission in Brussels under a procedure known as Article 19 — designed to get the latter’s opinion on projects the Luxembourg-based lender is considering financing. Most get the green light for a more thorough appraisal by the bank. But we asked the commission through an access to information request if and when it has issued a negative opinion in recent years.
It turns out there was one case.
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About the author
Vince Chadwickvchadw
Vince Chadwick is a contributing reporter at Devex. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before covering breaking news, the arts, and public policy across Europe, including as a reporter and editor at POLITICO Europe. He was long-listed for International Journalist of the Year at the 2023 One World Media Awards.
