Professor Stephany Griffith-Jones, IPD Columbia University, and Dr David Rinaldi, FEPS Director of Studies and Policy, exchange on the need of investment to deliver on structural transformation and the recovery. Professor Griffith-Jones reflects on the role of the European Investment Bank as well as on that of national development banks. A specific call is made to complete the transformation of the EIB into a really climate friendly bank able to accelerate the development of sustainable finance. In these crucial times, the role of public sector investment is not only relevant for long-term investment; Europe needs a revision of its countercyclical policies able to stabilise the economy.
