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EIB President says that "there have always been crises in Europe"
The President of the European Investment Bank (EIB), Nádia Calviño, said today that "there have always been crises in Europe", which have ended up being overcome, noting that we do not always look at the strengths of the European Union (EU), during a debate in Porto.
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Economia Nadia Calviño
The official, who was at the 70th anniversary celebration of the Faculty of Economics of the University of Porto, recalled that the EU was built on the "ashes" of the Second World War and that the most difficult thing is to build a "successful" union and recalled the pandemic, 'Brexit', among others. "There have always been crises," she stressed, highlighting that the EU has become stronger.
"We are always looking at our weaknesses and very rarely do we look at our strengths," she lamented, stating that Europe is seen as an example in many parts of the world and in various areas.
The debate was, near the end, interrupted by a group of pro-Palestinian protesters, questioning the bank's funding of Israel and shouting slogans.
On her first trip to Portugal, the EIB president met with the Minister of Finance, Joaquim Miranda Sarmento, and discussed ways to strengthen support for the country, with strategic investments, according to a statement released today.
The EIB leader also met with the Minister of Economy, Pedro Reis, with the mayors of Porto and Lisbon and with the Minister of Agriculture and Fisheries, José Manuel Fernandes.
The institution's investments in Portugal range from support for SMEs "in areas as diverse as technology startups, education, hotels or healthcare" to major infrastructure projects critical to the country, "such as the Lisbon flood prevention system, the new Eastern Hospital in Lisbon, improving maritime access to the Port of Leixões or affordable housing in Loures," said the EIB.
The EIB also recalled that it supported "the transition to a more sustainable and secure energy model, through wind energy projects such as WindFloat Atlantic, photovoltaic power plants or the modernization of the country's electricity grid".
Last year, the EIB group "granted €2.1 billion in financing for projects in Portugal", the government recalled, in turn, "which represents an increase of more than 25% compared to the previous year", with "about half of this funding going to SMEs".
The EIB has already secured more than €56 billion for project financing since the start of its operations in Portugal.
Read Also: Pro-Palestinian protesters interrupt debate with EIB president in Porto (Portuguese version)
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