EIB to increase 2009 lending target to 70 bln euros

Newswire

BRUSSELS, May 29 (Reuters) - The European Investment Bank plans to increase its 2009 lending target to 70 billion euros ($97.95 billion) from 60 billion, European Commission President Jose Manuel Barroso said on Friday. "EIB President Philippe Maystadt has confirmed he intends to propose ... to increase the EIB's lending targets to 70 billion euros for this and next year," Barroso told a news conference. The EIB, the EU's financing arm, offers soft loans in areas such as infrastructure ...

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