Telora
Establishing Nation
- Joined
- Mar 15, 2007
- Messages
- 2,285
- Capital
- Telor City
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European Investment Bank
Ladies and Gentlemen;
The European Investment Bank is proud to announce that, after weeks of planning, we are finally ready to open our doors and begin the first stage of operations; that of amassing capital.
We aim to be as a-political as possible, as impartial as possible and as open as possible. We aim to lend to states, companies and other organisations who need capital to help them improve themselves over the long term - by making their operations greener, more modern or more expansive. We believe that such lending can not only improve the lives of millions of people, but also build a firm foundation within Europe for the furthering of peace.
The EIB's loans are not designed to relieve balance of payments crises, to relieve disasters or to finance aggression. They are designed to build a future for all Europeans, and do it in the most equitable, transparent and innovative ways possible.
Every loan from the EIB comes with three simple conditions:
1) Independent auditors can be allowed to track the spending of the loan, to ensure that the money is properly spent, and to offer advice to those taking out the loan on how to spend it to maximum effect.
2) That whoever takes out the loan signs a legally binding contract with the EIB governing repayment periods, interest rates and possibility of suspension or termination of repayments. This will allow the EIB to adapt to each individual case more ably.
3) That all borrowers from the EIB refrain from using the loan in direct finance of military action against other states. This is a blanket rule, and will be judged case-by-case by the Board, and is designed to prevent the EIB being used as a means to further the violence it seeks to dampen with its' finance.
We are now open to receive grants from European states to set up our central fund. The donation window will last until the 30th April, and all states who donate in this time will be awarded votes based on the size of their contribution. On April 30th, the EIB will officially open its doors to all the states of Europe who wish to borrow money.
The EIB is run by the Board, who will be elected by the member states. The Board in term appoints the President, who acts as chief executive officer and official representative of the EIB. All staff are appointed from contributing states, though their advancement is based on merit rather than geographical distribution. All staff members are required to forsake national allegiances of any kind while working for the EIB, and only take instructions from the Governor or the Board. All substantive votes on the Board need a 2/3 majority to pass, procedural matters only a simple majority of all members.
We are looking forwards to working with all states in Europe for many years to come, and are happy to answer any and all questions you may have, as well as accepting initial grants.
Contributing States
Telora (€1 billion)
Recognising States
Marquette
Telora (€1 billion)
Recognising States
Marquette