European Investment Bank president Nadia Calvino said on Monday that recent US
market turbulence is driving capital into Europe and she expects the trend to
continue. Demand for EIB bond issuance is very strong and she expects it to
persist into January. She warned that current financial-market volatility makes
it vital to keep Europe a safe haven, said Lagarde’s successor is expected to
continue her policies and approach, and stressed preserving ECB decision-making
independence is crucial.
