Vestager: EIB to become more agile

Margrethe Vestager is currently traveling across Europe to campaign for her candidacy as the future President of the European Investment Bank (EIB). On Friday, the currently on-leave Vice-President of the European Commission was in Berlin. Her pitch: The EU’s house bank must become faster and more willing to take risks.

Margrethe Vestager is advocating for far-reaching reforms at the European Investment Bank (EIB). „Speed is of the essence; that bank is not known for speed,“ she told journalists in Berlin on Friday. In the past ten years, the bank has grown enormously, from 2,000 employees to over 4,000. It has taken on the role of the EU’s climate bank and expanded its global presence. Now it’s time to review the processes and increase the bank’s visibility: „It’s really a pity that not more people know that the world’s biggest multinational bank is the European Investment Bank.“

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