Your guide to Counter Balance, the European campaign on the EIB, which reveal all the critical aspects of the European Investment Bank, one of the least known, yet powerful institutions. In Italian. Click HERE to download the PDF file. 
Tuesday, November 18, 2008
Unlock Netgear 54mbps
Judah Critique of Citizen Bank European Investment
Your guide to Counter Balance, the European campaign on the EIB, which reveal all the critical aspects of the European Investment Bank, one of the least known, yet powerful institutions. In Italian. Click HERE to download the PDF file.
Your guide to Counter Balance, the European campaign on the EIB, which reveal all the critical aspects of the European Investment Bank, one of the least known, yet powerful institutions. In Italian. Click HERE to download the PDF file. 
Tuesday, November 11, 2008
Japanese Wedding Blessing
EIB LOANS TO STOP OUTSIDE THE EU
The European Court of Justice to suspend the EIB mandate for a year, waiting for more democratic procedures and consultations with the European Parliament.
Rome, November 11, 2008 - CRBM very much welcomes the decision of the European Court of Justice to annul the mandate for the loans given out by the EU peridiocamente member states to the European Investment Bank (EIB). The court upheld the action of the European Parliament Cheh asked the mechanism for co-decision, openly admits that the external financing of the bank is not consistent with the European development policies, setting in 12 months the period within which to make a new mandate on basis of objectives and new procedures. If this deadline is not respected the EIB's operations in Asia, Latin America and neighboring countries would be suspended.
The Court's decision is of historic significance as the first democratically elected institution to confer jurisdiction on the parameters and policies for loans from the European Bank for Investment and clarifies once and for all that loans outside the EU must be part of development policies, as well as for years the network supports Counter Balance, which is part of the CRBM.
"We are very pleased that the Court of Justice has acknowledged what we and other European NGOs say almost a decade, or that the Bank must answer for its actions and can not act undisturbed and no one can control its activities," said Antonio Tricarico, coordinator of the CRBM. "The loan of hundreds of millions of euro that the EIB has granted around the world should be monitored carefully, because too often in the past have funded projects that have not been of no use for the development of local populations, but that only brought benefits to large corporations and serious negative consequences for the environment, "he said Tricarico. 
The European Court of Justice to suspend the EIB mandate for a year, waiting for more democratic procedures and consultations with the European Parliament.
Rome, November 11, 2008 - CRBM very much welcomes the decision of the European Court of Justice to annul the mandate for the loans given out by the EU peridiocamente member states to the European Investment Bank (EIB). The court upheld the action of the European Parliament Cheh asked the mechanism for co-decision, openly admits that the external financing of the bank is not consistent with the European development policies, setting in 12 months the period within which to make a new mandate on basis of objectives and new procedures. If this deadline is not respected the EIB's operations in Asia, Latin America and neighboring countries would be suspended.
The Court's decision is of historic significance as the first democratically elected institution to confer jurisdiction on the parameters and policies for loans from the European Bank for Investment and clarifies once and for all that loans outside the EU must be part of development policies, as well as for years the network supports Counter Balance, which is part of the CRBM.
"We are very pleased that the Court of Justice has acknowledged what we and other European NGOs say almost a decade, or that the Bank must answer for its actions and can not act undisturbed and no one can control its activities," said Antonio Tricarico, coordinator of the CRBM. "The loan of hundreds of millions of euro that the EIB has granted around the world should be monitored carefully, because too often in the past have funded projects that have not been of no use for the development of local populations, but that only brought benefits to large corporations and serious negative consequences for the environment, "he said Tricarico.
Tuesday, November 4, 2008
Houses In Ocean City Maryland For Senior Week
Tenke: a mine of injustice
Luca Manes article published by "Nigrizia Online"
Human rights violations and corruption: European NGOs impeach the Tenke project of mine, in DRC, funded by the European Investment Bank.
The design of cobalt and copper mine in Tenke Fungurume, the Democratic Republic of Congo, went ahead despite serious human rights abuses, rampant corruption and social unrest. This is what is abundantly documented in the new report of Counter Balance, a coalition of European NGOs campaigning on the European Investment Bank (EIB). Just the EIB, in fact, financed the project with a loan of up to 100 million euro, while the government agreed the Democratic Republic of Congo was trying to clarify the mining concessions granted during the civil war through a committee to review licenses.
The report, entitled "Soul Mining: the EIB's role in the Tenke Fungurume Mine", also highlights how the contract terms are very disadvantageous to the African country since the main beneficiary of the work will be the company promoter of the mine, the U.S. giant Freeport McMoran. A society that has very bad precedent for environmental violations, so that the Department for Cooperation of the Norwegian Government has included in its "black list". According
Kumwamba Prince, a member of the Congolese ACIDH Ong, who worked on the preparation of the report making numerous field trips and collecting a lot of evidence on the violation of human rights, working conditions for miners, especially those of subcontractors hired, in clear contrary to internationally accepted standards. "They work six or seven days a week without even having signed a contract, while the competition between different communities in the area is used to keep wages as low as possible, "said Kumwamba, who also stressed that families displaced by the project have not been resettled and have not received the compensation due. No coincidence that the social tensions in the area are already at danger levels and an event held in early 2008 led to violence and a series of arrests.
NGOs Counter Balance blame the EIB, the financing granted to the mine, which they consider "irresponsible," especially in a time when rightly criticizing the Chinese involvement in controversial projects in Africa too, but you forget the role played by reality important as the Development Bank of the European Union in the same socio-political context. 
Luca Manes article published by "Nigrizia Online"
Human rights violations and corruption: European NGOs impeach the Tenke project of mine, in DRC, funded by the European Investment Bank.
The design of cobalt and copper mine in Tenke Fungurume, the Democratic Republic of Congo, went ahead despite serious human rights abuses, rampant corruption and social unrest. This is what is abundantly documented in the new report of Counter Balance, a coalition of European NGOs campaigning on the European Investment Bank (EIB). Just the EIB, in fact, financed the project with a loan of up to 100 million euro, while the government agreed the Democratic Republic of Congo was trying to clarify the mining concessions granted during the civil war through a committee to review licenses.
The report, entitled "Soul Mining: the EIB's role in the Tenke Fungurume Mine", also highlights how the contract terms are very disadvantageous to the African country since the main beneficiary of the work will be the company promoter of the mine, the U.S. giant Freeport McMoran. A society that has very bad precedent for environmental violations, so that the Department for Cooperation of the Norwegian Government has included in its "black list". According
Kumwamba Prince, a member of the Congolese ACIDH Ong, who worked on the preparation of the report making numerous field trips and collecting a lot of evidence on the violation of human rights, working conditions for miners, especially those of subcontractors hired, in clear contrary to internationally accepted standards. "They work six or seven days a week without even having signed a contract, while the competition between different communities in the area is used to keep wages as low as possible, "said Kumwamba, who also stressed that families displaced by the project have not been resettled and have not received the compensation due. No coincidence that the social tensions in the area are already at danger levels and an event held in early 2008 led to violence and a series of arrests.
NGOs Counter Balance blame the EIB, the financing granted to the mine, which they consider "irresponsible," especially in a time when rightly criticizing the Chinese involvement in controversial projects in Africa too, but you forget the role played by reality important as the Development Bank of the European Union in the same socio-political context.
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