The European Union reckons 5G R&D needs a boost – so it has slung a loan of €500m in the general direction of Finland.
Nokia, recipient of the loan from the European Investment Bank (EIB) and the European Fund for Strategic Investments (EFSI), hasn't identified specific goals for its development effort.
However, EIB president Alexander Stubb told Finnish newspaper Helsingin Sanomat that Europe needs to catch up with the countries it sees as the powerhouses of 5G – China and the USA.
[...] The loan comes in a climate increasingly hostile to Chinese giant Huawei, which is viewed with suspicion by the UK and US, and subject to an outright ban on competing for 5G projects in Australia.
(Score: 2) by isostatic on Wednesday August 29 2018, @12:56PM (5 children)
Why do you think they can't?
UK example https://www.gov.uk/business-finance-support [www.gov.uk]
Ireland example https://dbei.gov.ie/en/News-And-Events/Department-News/2018/March/28032018.html [dbei.gov.ie]
(EU funding is shown here https://europa.eu/youreurope/business/funding-grants/access-to-finance/index_en.htm [europa.eu] )
(Score: 2) by Bot on Wednesday August 29 2018, @07:52PM (4 children)
It's not the same thing. Allotted financing for anybody meeting some criteria is not money loaned to one guy in particular. Article 107/1 treaty of Rome, art 2 Treaty of Lisbon, google tells me.
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(Score: 2) by isostatic on Wednesday August 29 2018, @08:16PM (3 children)
How does a loan from the European Investment Bank differ to a loan from the Department for Business, Energy & Industrial Strategy?
(Score: 2) by Bot on Thursday August 30 2018, @09:31PM (2 children)
I guess because the latter should be awarded according to criteria to more than one recipient. If the recipient is one, the criteria are just a description. "i want money to go to all companies which makes phones has a gay CEO and have at least 1 billion cap".
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(Score: 2) by isostatic on Friday August 31 2018, @07:00AM (1 child)
EIB/EIF award loans based on criteria to many recipients
But thanks for letting you bigotry show
(Score: 2) by Bot on Friday August 31 2018, @08:44AM
> thanks for letting you bigotry show
Not that I would have problem with that, see comment history.
But it seems to me you are projecting some hatred I did not feel when making that comment. If I felt hate I'd have called him dirty faggot, or something. Gay is just descriptive. UNLESS while I was sleeping the PC crowd made that offensive, which I don't discount as a possibility. In that case, sorry for having gotten offensive and fuck you all.
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