2016 European Overturn

THE HIGH CONTRACTING

PARTIES,

CONSIDERING that, in accordance with Article 28 of the Treaty establishing a Single Council and a Single Commission of the European Communities, these Communities and the European Investment Bank shall enjoy in the territories of the Member States such privileges ...

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.^[1] 

.

The shareholders of the EIB are the 28 member states of the EU, while each state’s share in the EIB’s capital is based on its economic weight within the European Union (expressed in GDP) at the time of its accession.^[20] Shares of capital are following:^[21]

Country	Capital (EUR mil.)	Capital (%)
Germany	39,195	16.1
France	39,195	16.1
Italy	39,195	16.1
United Kingdom	39,195	16.1
Spain	23,517	9.7
Belgium	10,865	4.5
Netherlands	10,865	4.5
Sweden	7,208	3.0
Denmark	5,501	2.3
Austria	5,393	2.2
other member states	23,156	9.5
Total	243,284	100

1. Germany = France = Italy = United Kingdom = 16.1 %?

2. Germany + France + Italy - United Kingdom

 = 48.3% only.

3. 28 EU member states - 10 EU member states in this table = 18 EU member states = 9.5 % only?

Conclusion: 2016 European Overturn*!

* Simple Definition of overturn

• : to turn (something) over
• : to turn over
• : to decide that (a ruling, decision, etc.) is wrong and change it