EU

Europe must spend to reinforce security and defence industry – European Investment Bank chief

Nadia Calviño, president of the EIB, was speaking at an IIEA event in Dublin following meetings with the Taoiseach and the Minister for Finance

Michael McGrath, the finance minister, and European Investment Bank group president, Nadia Calviño, at government buildings in Dublin. Picture: Cate McCurry/PA Wire

Europe needs to invest in reinforcing its security and defence industry, according to the head of the European Investment Bank (EIB).

Speaking in Dublin following meetings with Michael McGrath, the minister for finance and Taoiseach Simon Harris, Nadia Calviño, the president of the EIB, said that the current geopolitical environment was such that military investment needed to be stepped up.

“At the European Investment Bank, we're aligning our policies and our actions to other multilateral ...