European finance ministers agreed Saturday to use the EU's lending bank to help small- and medium-sized companies raise funds in a tight economic environment.
French Finance Minister Christine Lagarde said the plan called for a 50 percent increase in financing to the European Investment Bank in 2008 and 2009 _ to about euro15 billion (US$21 billion).
The funds would be part of an overall euro30 billion (US$42 billion) package to last until 2011, she said.
"We agreed that our economic area is facing various shocks, in particular a financial shock, inflation shock and an exchange rate shock, and that the common response is a strategy which is …
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