Written question No 489/74 by Lord O'Hagan, MEP, to the Commission (12 November 1974)

Written Question No 489/74 by Lord O'Hagan, Member of the European Parliament, to the Commission of the European Communities regarding the relationship of the European Investment Bank (EIB) with the Commission. The structural relationship between the two institutions stems from the inclusion of one director and one alternate, nominated by the Commission, on the Bank's Board of Directors. An operational relationship likewise exists owing to the fact that EIB loan applications are submitted to the Commission for an opinion. However, the Commission does add that the EIB's executive bodies are responsible only to the Bank and are completely independent in the performance of their duties.

Source and copyright

Source: Official Journal of the European Communities (OJEC). 07.03.1975, n° C 55. [s.l.].

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