EIB, towards a new “business model”?

Dominique de CRAYENCOUR Secretary general, Association of the long term investors (ELTI) [vc_btn title= »Download the article » style= »outline » color= »blue » align= »right » i_icon_fontawesome= »fa fa-file-pdf-o » add_icon= »true » link= »url:http%3A%2F%2Fprod.confrontations.org%2Fwp-content%2Fuploads%2F2016%2F03%2FRevue-107-EIB-towards-a-new-%E2%80%9Cbusiness-model%E2%80%9D-p36.pdf||target:%20_blank »] The European Parliament, the Council and think tanks have put forward proposals for developing a network of national public financing institutions structured around the European Investment Bank (EIB). Broad consensus today exists for acknowledging that to reconcile the budgetary discipline necessary for economic and financial stability, and sustainable growth needed to create employment, it is investment– the link between short-term demand and the long-term supply – that needs to be reactivated.  The current generation can no longer tolerate its number of unemployed and future generations would not forgive our sacrifying them for our well- being whether throughexcess debt or through lack of investment. At the same time, this famous ‘growth’ cannot be the solution if it is only an increase in GDP exhausting limited natural resources. There