European Investment Bank 2010 and 2015, from a coalition of NGOs, implicated the EIB in tax avoidance by lending to businesses which use tax havens. European Investment Bank The European Investment Bank (EIB) is the European Union's nonprofit long-term lending institution established in 1958 under the Treaty of Rome. As a "policy-driven bank" whose shareholders are the member states of the EU, the EIB uses its financing operations to bring about European integration and social cohesion. It should not be confused with the European Central Bank, which is based in Frankfurt (Germany) or with the European Bank for Reconstruction and Development (EBRD) which
Institutions of the European Union contrast to Parliament's vote of approval which must be cast on the Commission as a whole without the ability to accept or reject individual Commissioners. Once approval has been obtained from the Parliament the Commissioners can take office. The current President is Jean-Claude Juncker (EPP); his commission was elected in 2014. The Court of Justice of the European Union (CJEU) is the EU's judicial branch. It is responsible for interpreting EU law and treaties. It comprises the main chamber: Court of Justice, the General Court and the Civil Service Tribunal. The CJEU is located in Luxembourg. The "European Central Bank"