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European Commission

MEMO

Brussels, 20 June 2013

Joint report on 'Increasing lending to the economy: implementing the EIB capital increase and joint Commission-EIB initiatives'

The European Commission, in cooperation with the European Investment Bank, has put forward concrete ideas for financing the real economy, especially SMEs. The joint report, 'Increasing lending to the economy: implementing the EIB capital increase and joint Commission-EIB initiatives', is part of a package of practical measures to get Europe growing again (see IP/13/558), which President Barroso will present to the European Council on 27-28 June.

President Barroso said, "This report suggests how to get financing to the real economy, especially to SMEs. Today we are putting on the table three options that will pool EU funds and European Investment Bank resources to make this happen. I expect Member States to take an ambitious approach on this at the European Council next week."


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