A new boost for European Investments (Supporting slides) Dario - - PowerPoint PPT Presentation

A new boost for European Investments

(Supporting slides)

Dario Scannapieco Vice President European Investment Bank IFSWF 2015 Milan, 30 September 2015

GDP level 2014 > to 2008 & GDP level 2015 > to 2008 GDP level 2014 < to 2008 & GDP level 2015 > to 2008 GDP level 2014 < to 2008 & GDP level 2015 < to 2008

Source: EC Winter 2015 forecasts

2014 2015

• 1.5 to -0.5
• 0.5 to 0.5

0.5 to 1.5 1.5 to 2.5

EU Non-Homogeneous GDP and Inflation Trend PIL Inflation

Non-homogeneus EU growth

European Investment Bank Group

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2008

Unemployment

• Encouraging signals (Q4 2014 YoY: +0.9% in EA; +1% in EU28), but problems persist
• Reducing unemployment on going but still not to pre-crisis levels
• Demography and current migration streams: what impact on EU employment

Unemployment rate during the crisis (2008-2013)

Source: Eurostat

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Source: Eurostat

GDP and Investments in Europe (2007 = 100) Investment trend 2007 vs 2013 (%)

Investment Trends

European Investment Bank Group

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Real fixed investment

Real infrastructure investment

Investment trends

Fonte: INTAN-Invest, Ameco, Eurostat and OECD. Nb: Index average 2008=100. Core: AT, BE, DK, DE, FI, FR, LUX, ND, SW, UK; VMS: CY, GR, ES, IE, IT, SLO, PT; Cohesion: BG, CR, ES, HR, HU, LIT, LA, MA, PL, RO, SK

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FDI inward vs outward EU Investments

6

European Investment Bank Group

European Governance Evolution

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European Investment Bank Group

2008 2010 2011 2013 2015 2012 2014 2016 2009

• EU

Economic Recovery Plan

• EBA
• 5

President’s Report

• Juncker

Plan

• EFSI
• ESFS
• ESRB
• Basel III
• ESM
• EIB Capital Increase
• ECB Monetary

measures (LTRO, TLTRO, SMP, OMT,etc.)

• Enhanced fiscal

coordination (6-pack, 2-pack, fiscal compact, etc.)

• EIB

Capital Increase

• EU 2020 Strategy
• Solvency II

IPE: Every piece of the puzzle counts

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European Investment Bank Group

Investment Plan for Europe (IPE):

• Guarantee Fund (EFSI)
• EU Advisory Hub
• Structural Reforms in Member States

European Fund for Strategic Investments (EFSI)

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European Investment Bank Group

Making a difference: EIB Group results 2014

“ L’Europa avanza scegliendo quasi sempre la

strada sbagliata dopo avere accuratamente scartato quelle migliori. Ma sia pur di traverso, avanza.” “Europe advances almost always by choosing the wrong path after having carefully discarded the

• ther best. But even if sideways, it advances”.

( Giuliano Amato: Vice President European Convention)

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European Investment Bank Group