Flags are seen behind the logo of the European Investment Bank in the city of Luxembourg, Luxembourg, March 25, 2017.
Reuters/Eric Vidal Acquire Licensing RightsBRUSSELS, Sept 7 (Reuters Breakingviews) - The European Investment Bank has a chance to remake itself when it gains a new leader next year.
The EIB has been making infrastructure loans since 1958, and now channels some 65 billion euros in annual financing to the economy.
To do that, the next EIB chief will need to let the bank shoulder more risk, as suggested by Vestager on Thursday.
By comparison, the World Bank has $240 billion loans outstanding.
Persons:
Eric Vidal, Werner Hoyer, Nadia Calviño, Denmark’s Margrethe Vestager, Daniele Franco, Teresa Czerwińska, Thomas Östros, Vestager, Margrethe Vestager, Spain’s Nadia Calviño, Poland’s Teresa Czerwińska, Italy’s Daniele Franco, Sweden’s Thomas Östros, Denmark’s Vestager, Neil Unmack, Streisand Neto
Organizations:
European Investment Bank, Reuters, Rights, Spanish, World Bank, AAA, European Union, Financial Times, European Investment, Union, Thomson
Locations:
Luxembourg, Rights BRUSSELS, Italian, Europe, Ukraine, France, Spain