Following the ECOFIN meeting in Luxembourg, Greek Minister of Finance Christos Staikouras paid an official visit to the European Investment Bank (EIB) for discussions with President Werner Hoyer. On the agenda were the EIB’s contribution to the stability and further development of the Greek economy and the further deepening of the cooperation between the Bank and one of its shareholders.
Both parties highlighted the EIB’s support for Greece’s public and private sector in recent years, not only through direct lending activities but also through the provision of technical assistance. Looking ahead, talks focused on novel ways of EIB support for Greek sectors and businesses, reducing the cost of debt, and supporting the local banking system. Discussions also touched upon plans to double EIB support for climate investment and the recently agreed financing to improve flood protection in Greece.
After the meeting, EIB President Hoyer commented: “We are delighted to work with the Greek government to support sustainable investments that deliver growth and jobs. Greece has been – and remains – a priority not only for the Bank in general, but for investments supported under the Juncker Plan as well, and we are glad to reaffirm our commitment for the road ahead.”
Original source: EIB
Published on 10 October 2019
