06 Sep, 2023

Renew Europe supports Vestager for EIB President

The Renew Europe Group wholeheartedly backs the candidacy of Commissioner Margrethe Vestager as European Investment Bank President ahead of the decision by European Union countries in the coming weeks. 

The Group is convinced that the European Investment Bank has an increasingly decisive role in the digitalisation and green transition of our continent. Leadership and unmatched competence are necessary for the European Investment Bank to continue the transformation started under the presidency of Werner Hoyer. 

Former Deputy Prime Minister of Denmark, two-time EU Commissioner and current Executive Vice-President of the European Commission, Vestager is recognised as one of the most talented European officials of her generation. Her lasting legacy, especially on the European Digital Single Market, speaks for itself.  

Her expertise in fighting monopolies and cartels, as well as corruption and money laundering, is of the utmost importance for such a high-level position in our banking system. Her longstanding commitment to the green transition and the efficiency of our single market makes her the ideal candidate for this position.  

Vestager’s appointment will be the guarantee that the EIB will operate in full accordance with the strategic objectives set by the European Parliament during this legislature. 

“For many Europeans, Margrethe Vestager embodies the European general interest and the forward- looking mindset that our institutions need more than ever. We cannot think of a better qualified candidate to fulfil the ambition of the European Investment Bank and achieve the European targets in financing the digitalisation, green transition and reindustrialisation of our continent. Renew Europe calls on Member States to make the right choice by appointing Margrethe Vestager President of the EIB,” said Renew Europe Group President Stéphane Séjourné. 

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