The European Resource Bank project started fifteen years ago at the initiative of Pierre Garello, Barbara Kolm, Wolfgang Müller and Hardy Bouillon, when representatives from thirteen European classical liberal think tanks came together in November 2003 in Gummersbach, Germany. They met to reflect on ways to improve inter-organisational cooperation. During this meeting a consensus was reached that work was still required when it comes to improve two things. First, organizational strategies and second, continuous invitation to all those involved in the promotion of individual liberty throughout Europe to join the debate. This led Pierre Garello, Director of IES Europe, to establish the inaugural European Resource Bank meeting in Borovec, Bulgaria, spearheaded by Krassen Stanchev.
Since then, each European Resource Bank Meeting has been hosted by a different European institute. The program is designed by the organizer in close cooperation with historical members of the group.