The intervention of the president of the European Investment Bank occurs prior to the Informal European Council in mid-February. In a letter to European Council President António Costa, European Investment Bank (EIB) President Nadia Calviño stated that the European Union must “make the Savings and Investments Union a reality.
Calviño delineates the banking institution’s priorities in the letter, which was viewed by Euronews, in anticipation of the informal European Council scheduled to occur in Belgium on February 12.
The letter emphasises the necessity of expediting the Savings and Investment Union strategy, a set of legislative proposals that would redirect a small portion of European savings toward investment in European businesses, with the objective of promoting prosperity, among other priorities.”Calviño wrote in her letter that the appropriate frameworks and instruments must be established as soon as possible to ensure that European savings are directed to the most critical sectors: innovative businesses throughout Europe.
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