So said the European Investment Bank chief Werner Hoyer yesterday in an interview with Suddeutsche Zeitung

The EIB gave loans to the German carmaker for things like the development of low emissions engines and Hoyer said they could be recalled in the wake of VW's emissions cheating.

The paper reported that about €1.8bln of those loans are still outstanding.

Mr Hoyer is quoted as saying that the EIB had granted loans worth around €4.6bln to Volkswagen since 1990.

"The EIB could have taken a hit [from the emissions scandal] because we have to fulfil certain climate targets with our loans,"

Mr Hoyer was attending the International Monetary Fund's meeting in Lima, Peru.

He added that the EIB would conduct "very thorough investigations" into what VW used the funds for. Mr Hoyer told reporters that if he found that the loans were used for purposes other than intended, the EU bank would have to "ask ourselves whether we have to demand loans back".

The BBC has more on the story here

Keep an eye on VW shares as they open. Another wobble could spread through DAX and other European equities

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Uncertain times still for German car maker VW