Chairman, European Association of Long-Term Investors (ELTI)
All Sessions by Laurent Zylberberg
21 February 2019
Europe’s anaemic capital market: Do we need public finance support for investment?
16:15 - 17:30
The crisis and the economic recovery have driven the public sector to intervene to support investment. One of the conduits has been that of the National Promotional Banks and Institutions (NPBIs) and the European Investment Bank, which have seen their capital bases and assets rising substantially. It is now a widely held position that an improvement in the economy will not eliminate the need for such financial intervention. But is this growing reliance on publicly supported finance really the best answer, or is the situation just the reflection of a need for structural reform?