Copyright

Laurent Zylberberg

Published On

2023-12-12

Page Range

pp. 113–136

Language

  • English

Print Length

24 pages

7. From Crisis to Crisis, Can Europe Count on National Promotional Banks as Silver Bullets?

  • Laurent Zylberberg (author)
Chapter of: Financing Investment in Times of High Public Debt: 2023 European Public Investment Outlook(pp. 113–136)
The great financial crisis of 2008–2009 was a game changer for National Promotional Banks (NPBIs) in Europe, with the COVID-19 pandemic and the Ukraine crisis reinforcing this shift. The ‘Juncker Plan’ shed a light on the investment gap and demonstrated that a dynamic European policy was possible. Thanks to the InvestEU programme, actors at the European level, such as the EIB Group, and the national level (via NPBIs and Financial Institutions) thrived in their specific role of fostering essential long-term investment throughout our continent. With this in mind, we need to have a different look at certain tools within practical accounting rules by integrating both positive and negative externalities.

Contributors

Laurent Zylberberg

(author)
General Controller at Deposits and Consignments Fund

Laurent Zylberberg is General Controller at the French Caisse des Dépôts et Consignations (CDC). He holds PhD in Sociology at Sciences Po (Paris) and a Master’s degree in Law from Paris-Sorbonne University. After acting as a political adviser for French Ministers between 1988 and 1993, he was social counsellor at the French Embassy in London. He worked for many years in the telecom sector before joining CDC in 2014; there he oversaw international and public affairs until 2023. He also chaired the European Long-Term Investors Association between 2016 and 2023.