Episode 30: Europe’s secret €25 billion stash

EU Watchdog Radio

In the latest episode of EU Watchdog Radio, we discuss the European Guarantee Fund (EGF), a secretive €25 billion fund created by the European Investment Bank (EIB), ostensibly to help European businesses in the wake of the Covid-19 pandemic.The fund aims to use the €25 billion invested by the EIB to inject €200 billion into the European economy. Yet while this may sound good in principle, systemic problems abound with the EGF.Firstly, the EGF itself is so mired in secrecy that it is di...