We Own 16.1% Of The E I B, Why No Dividends In 46 Years

[ToraToraTora]

https://www.telegraph.co.uk/business/2019/01/31/uk-missed-nearly-7bn-profits-european-investment-bank-say-lords/
we put in £3.5bn in 1973, that stake is approx £30bn in today's money but all we'll get is our original stake. Can our EUSSR phile friends explain why we should pay them a penny?

[Zacs-Master]

Probably because we've borrowed over £118b since 1973 and had
£525m for the Beatrice wind farm, £825m for ports and harbours across the UK, £1.5b for the affordable housing finance programme and £1 billion loan for the construction of Crossrail.

[ToraToraTora]

ZM: If I own shares in a bank, and also have a loan, those two things are not related, I still get dividends and pay my loan. Any money they give us is merely our own money back. Are we not, net contributors?

[davebro]

I would pay the EU nothing.

[THECORBYLOON]

Unless the UK has put in more than £118 billion to the EIB, how can it be a net contributor to it?

[Zacs-Master]

Is this not yet another example of the things we weren't told about when we voted?

I agree on the face of it it looks very unfair. To rub salt into the wound under the 'deal' we've apparently agreed to, the UK will remain liable for its 16.1% share of the 'uncalled' capital in relation to the EIB’s financial operations as at the time of withdrawal which could amount to a to a further €35.7 billion.

Who to vote for, eh!

[Old_Geezer]

We can be a net contributor because the loans will still need to be repaid, surely. And so they don't get subtracted from the nation's investment, from which it seems we've had no dividends. The loan is one of the bank's investments, not a reduction in the nation's investment in the bank.

[Old_Geezer]

Being told wouldn't affect anything regarding our decision. Regaining sovereignty is still the aim. One has to wonder what, all involved, were thinking of to set it up like this. Were no lawyers involved ?

[THECORBYLOON]

OG, the UK contribution will be re-paid once the loans have also been re-laid.

[THECORBYLOON]

"...been re-paid"

[ToraToraTora]

TCL: "Unless the UK has put in more than £118 billion to the EIB, how can it be a net contributor to it? " - have a day off, I'm referring to the EUSSR.

[gulliver1]

I do realize that TTT is a very experienced Banker, so he should know.

[THECORBYLOON]

"Any money they give us is merely our own money back. Are we not, net contributors?"

As the thread is about the EIB, how am I meant to know what your ramblings are intended to convey?