EIB lays out steps towards an innovation Europe at major New York conference
6 October 2016
Vice-Presidents Ambroise Fayolle, Andrew McDowell and Chief Economist Debora Revoltella joined thought leaders at the 2-day “Global Implications of Europe’s Redesign” conference in New York on EU-US economic trends. They have been laying out the key role of the European Investment Bank.
VP Ambroise Fayolle delivered a key note speech at the event which was organised in partnership with the EIB, Columbia University’s Center on Global Economic Governance, SUERF- The European Money and Finance Forum and Societe Generale. It has brought together policymakers, technical experts and leading practitioners.
Delivering his speech, “Next steps toward an innovative Europe”, VP Fayolle said, “I dare say that a projected investment of well over a half-trillion euros should not be called a step. It is, in fact, a great leap. By the time that leap is completed, Europe’s economy will look very different to the way it does today. I am confident that we shall have a good landing.”
The EIB Group has stepped up its level of precaution at its headquarters in Luxembourg and in its external offices. All staff will telework as of 16 March. A small number of staff whose physical presence on EIB premises is indispensable will continue to be present on the EIB campus. The decision aims to protect the health of employees and ensure the continuity of the EIB Group’s activity.
On Wednesday the EIB identified its first case of one staff member who tested positive for corona virus.
As a precautionary measure, the EIB decided not to hold the meeting of its Board of Directors planned for Thursday 12 March in person. Decisions on the Board’s agenda will be taken by written procedure. The Bank has put in place measures to prevent disruption to its governance or operation approval schedule.
On Monday 2 March, the former President of the European Council, Donald Tusk, visited the EIB in Luxembourg on a joint invitation from the Bank, the European Stability Mechanism (ESM) and the Court of Auditors.