275 M€ loan from the European Bank to Israël

[Pierre]

I just stumbled on this information while having a look at the loan list of the European Investment Bank :
http://(3w).bei.org/projects/loans/regions/list.asp?style=printable&id=2

Israël Prêts globaux (Global Loan) 28/12/2006 BANK HAPOALIM GL 75,000,000
Israël Eau, assainissement (Water, Sewage systems) 27/12/2006 ENVIRONMENTAL PROGRAMME LOAN 200,000,000

This are the last published loans made by the EIB. Interesting to know where the European Money goes. It's also interesting to notice that this decision was made between Christmas and New Year's Day.

 

[Laura]

This are the last published loans made by the EIB. Interesting to know where the European Money goes. It's also interesting to notice that this decision was made between Christmas and New Year's Day.

And I'm willing to bet that very few citizens know where their tax money is going.

 

[Cyre2067]

The 200M for "water, sewage systems" is interesting. I remember reading something about water wars during the israeli invasion of lebanon last summer, and here's an article that explains the strategical value of the litni river which is right in southern lebanon where israeli 'drew the line' last summer.

http://iraqwar.mirror-world.ru/article/95317

 

[name]

i once digged thru the austrian foreign assistance credit programmes and found nothing (until 2004).

of the two lines the more interesting one is the one with 75M EUR going to Bank Hapoalim to finance "small and medium investments" - sounds like construction work on illegal settlements to me. the other one, supposedly to finance water treatment, also sounds suspicious. israel *has* all the water treatment infrastructure they need in place, so this could only be used to finance the infrastructure of further illegal land-grabs from palestinians. last but not least, i'd be very interested as to how it looks with the repayment of ALL the credit lines detailed in that page (p'haps i'll go and ask some 'stoopid' questions somewhere in a govt. office around town).

(+edit)
looked a bit more. here is a page of projects related to water sanitation projects
http_colon_//www.smaprms.net/EN/index.php?subdir=int_water&page=int_water.php

around the mediterranean. somehow the EUR 200M creditline above comes across as implausible, lacking better data. the average credit line from the EIB for water sanitation in above referenced table is about EUR36M and the standard deviation is about EUR34M. the other *BIG* credit line under this title is for EUR225M for a potable water pipeline in algeria. in israel+palestinian territories, the credit lines used for water sanitation are relatively small, some hundred-thousand euros up to 2-3M euros, there were in the past 2 bigger credit lines for water treatment. as said, barring more data on what this is paying for exactly, i suspect it is for illegal settlement.