The BBC are reporting that Alistair Darling has issued a statement urging British companies to take advantage of £4 billion in loans available to them from the European Investment Bank.
Syed Kamall, the ever-vigilant Conservative MEP for London and spokesman for International Trade in the European Parliament, has quickly pointed out that the loans are, according to the EIB's own website, granted only to projects designed to "further the objectives of the European Union".
So, is this another example of EU attempts to extend their sphere of influence over British business or a golden opportunity our financial institutions would be fools not to take up? Discuss.
