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BRUSSELS – The European Union's government-backed lender says it cannot bail out Greece or any other European country that can't pay its debts.
The European Investment Bank said in a statement Tuesday that it could "only finance economically viable projects" and that its rules would not allow it help an EU nation cover a budget deficit.
The bank funds projects agreed with European Union governments, such as research into more fuel-efficient cars or infrastructure for poorer EU nations. It has euro75 billion ($103 billion) to lend this year.
