Podcast episode
EIB in focus: Rethinking Europe's financial future with Yanis Varoufakis
Europe’s public finance is off track: The EIB props up “competitiveness,” the wealthy military complex & polluters’ “clean energy” projects—missing a green, just economy.But what if we flipped the script?
We asked Yanis Varoufakis in the latest episode of EU Watchdog radio.
NEWSLETTER
Cash flow, but no glow
The EU is revving up the Competitiveness Compass, and guess what? Profits are back in the driver’s seat while social and environmental justice get shoved in the trunk.
Read our latest newsletter to discover what the EIB has been up to this month.
Report
The wheel of corporate fortune: How the EIB boosts profits in the name of competitiveness
This research examines seven of the EIB’s top corporate clients—Iberdrola, Stellantis, Intesa Sanpaolo, Leonardo, Orange, Northvolt, and the Gavi Alliance—who have received billions in public loans, despite posting massive profits and being linked to concerning social and environmental issues.
Read the full report here
REPORT
Who Profits from the Global Gateway?
The latest report thouroughly examines the European Union’s Global Gateway initiative. Findings raise serious concerns about the effective use of development funds.
READ THE REPORT
Report
Public banks working for public services
Public banks have the capacity to support a wide range of essential services. From affordable housing to renewable energy and local public transport, public banks can drive systemic change by focusing on projects that offer long-term economic viability and substantial social benefits for all.
READ THE REPORT
JOINT LETTER
Urgent call to keep defence spending out of the EIB's scope
30 CSOs urge the European Investment Bank to resist calls for an increased support to the defence sector.
Read more
REPORT
No role for export credits in the EU’s development finance
The report examines recent proposals for greater coordination between export credit and development finance, in particular through initiatives such as the EU's Global Gateway strategy.
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What we do
Challenging public investment banks
We are a European coalition of development and environmental NGOs dedicated to holding public banks accountable. With extensive experience scrutinising the European Investment Bank (EIB), export credit agencies, and development finance, we work to prevent harmful impacts from large infrastructure projects.
Our mission: to ensure European public finance drives a just transition toward sustainable and equitable societies.
Our priorities
Where we focus our efforts
Our work focuses on climate justice, development and human rights, transparency and accountability.
RESEARCH
We expose the impact.
We research European public financial institutions, especially the EIB and export credit agencies, to reveal investments that harm people and the planet.
INFORM
We shape the debate.
We inform the public and spark discussions on the role of EU public finance in driving a just and sustainable transition.
ADVOCATE
We drive change.
We lead advocacy campaigns at EU and national levels to push for public banks that are accountable, democratic, and truly sustainable.
Latest News
Stay updated
Dear EIB, we want social and climate justice now
Video
The EIB, Europe’s largest public bank, has the power to shape economies, infrastructure, and climate action. But to truly serve people and the planet, it must stop funding polluters, reject market-led approaches that neglect social needs, and refocus on climate, social cohesion, and public services.
It’s time to transform the EIB into a public bank that puts people first.
Watch the video to learn more!
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