LONDON (MNI) - European Investment Bank President Philippe Maystadt confirmed today that his bank is not in the business of providing national bailouts for budget deficits or balance of payments support.

In a media statement, Maystadt said that the EIB will only finance economically viable projects.

"The EIB's mission and Statute do not allow for bailouts in terms of budget deficits or balance-of-payments support to individual Member States", Maystadt said.