The Bank of the European Union; the EIB 1958-2008

Abstract

the book is published and printed in luxembourg by 15, rue du commerce – l-1351 luxembourg 3 (+352) 48 00 22 -1 5 (+352) 49 59 63 u message@ic.lu – www.ic.lu this academic work on the history of the eib was translated into english and german from french original texts. the authors do not accept responsibility for the translations. further information european investment bank 98 -100, boulevard konrad adenauer l-2950 luxembourg 3 (+352) 43 79 - 22000 5 (+352) 43 79 - 62000 www.eib.org – u info@eib.org the history of the european investment bank cannot be dissociated from that of the european project itself or from the stages in its implementation. first broached during the inter-war period, the idea of an institution for the financing of major infrastructure in europe resurfaced in 1949 at the time of reconstruction and the marshall plan, when maurice petsche proposed the creation of a european investment bank to the organisation for european economic cooperation. the creation of the bank was finalised during the negotiations which preceded the signing of the treaty of rome establishing the european economic community. as well as contributing to the financing of projects of common interest, it also met the concerns of those who feared that the common market would accentuate imbalances in regional development or hasten the decline of certain industries. the bank would thus mobilise capital to promote the cohesion of the european area and modernise the economy. these initial …

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