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How to sustainably improve capital allocation across the EU?

Day 1 Morning

Wednesday 11 September

Room :

Fennia II - Roundtable

Speakers

Chair
Mahmood Pradhan - Deputy Director, European Department, IMF
Public Authorities
Benjamin Angel - Director, Treasury and Financial Operations, DG ECFIN, European Commission
Roger Havenith - Deputy Chief Executive, EIF
Tuomas Saarenheimo - Permanent Under-Secretary, Ministry of Finance, Finland
Industry Representatives
Edite Ligere - Barrister, Advisor, Galileo Global Advisors
Hiroshi Nagamine - Managing Executive Officer, Head of EMEA, Mizuho Financial Group, Inc. / Mizuho Bank, Ltd.
Other stakeholder & experts
Pervenche Berès - Former MEP
Jean-Jacques Bonnaud - EUROFI

Objectives of the session

The EU has a long-term growth and productivity weakness and faces challenges in terms of investment and innovation. Corporate investment and productivity gains are indeed much higher in the US and Asia than in the main advanced countries of the EU. Productivity growth ultimately depends on the capacity to innovate and to improve business processes.

Among the world’s top 20 technology firms, none are from the EU, while 11 are from the US and 9 from China. More broadly among the top 50 global companies, only 10 firms are from the EU, compared to 21 firms from the US and 11 from China.

The objective of this session is to discuss the reasons why Europe suffers from weak productivity and investment growth and the priorities to address the EU’s gap notably in the sectors of the future (digital, innovation…).

Points of discussion

How to explain the investment gap between the EU, the US and Asia?

What are the policy priorities for improving investment financing into the sectors of the future (digital, innovation…) across the EU?