Italian President Napolitano welcomes Hoyer and Scannapieco
4 June 2014
The President of the Italian Republic, Giorgio Napolitano, welcomed on June 2nd the President of the EIB, Werner Hoyer, and Vice President Dario Scannapieco. The meeting focused on the general economic situation both in Europe and in Italy, the role of the EIB in the recovery plan and the EIB lending activity in Italy. Since the beginning of 2014 the EIB has financed projects totalling some EUR 5 bn, especially concentrated on SMEs, and in projects aimed at tackling youth unemployment.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.