• Text size
  • Send this article to a friend
  • Print this article

Debt crisis nations will not get bailout, warns EU’s lender

Europe’s sovereign debt crisis intensified last night after the European Union’s government-backed lender said it cannot bail out Greece or any other troubled EU member state.

The European Investment Bank said it could “only finance economically viable projects” and its rules would not allow it to help an EU nation cover a budget deficit.