I don't understand why people in the comment seem to obsess with “bureaucracy” and “taxpayers money”. The EIB is, as the name says: a bank. It has some strategic targeting running, but the way it works is through making loans. The EIB is making profits with its investment activity!
The banks are a part of the government in the economic zone where they operate, or you could also say that the government is a part of the banks – since the banks have the strictly political privilege to conjure money.
And bureaucracy is not limited to government offices.
