6. EU-project bonds and the EIB
According to the project bonds proposal, large projects could be co-financed by the EIB alongside with private capital from pension funds and insurance companies that currently do not fund large investment projects, due to too high risks. Before the financial crisis, these risks were absorbed by large mono-line insurers (such as AIG), with the help of which the financing of such projects were transformed into triple-A bonds. After the crisis, this insurance is no longer available.