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Werner Hoyer, President of the EIB and Martin Schultz, President of the European Parliament ©EIB

Martin Schulz, president of the European Parliament, met with Werner Hoyer, president of the EIB, in Luxembourg on Tuesday.

During this working meeting, both Presidents agreed on enhancing cooperation between the European Parliament and the EIB.

"We need to tackle the current challenges within the European Union and beyond. To be able to do so we need a coherent approach of the European institutions both economically and politically", Werner Hoyer said after the meeting. "Close cooperation, especially with the European Parliament as the democratically directly legitimized institution, is therefore indispensable for the work of the European Investment Bank serving the European Union. The EIB plays a key role in promoting growth, innovation and employment and contributes to strengthen the European Union as an important actor in a globalized world."

It was Martin Schulz' first visit to the EIB since he was elected President of the European Parliament in January