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
President of the European Union the executive branch of the European Union, takes part in the G7 and other international summits as well. All four offices have been described as the President of Europe, however, none can be seen to be analogous to the President of the United States (who is both head of state and head of government). Imperfect comparisons with other political system have attempted to explain the complex nature of the European institutions. As each institution has its own leader, it has been suggested that the terms "Speaker" of the European Parliament, "Governor" of the European Central Bank, "Chairman" of the Council