ELTI Press Release - Europe’s leading public financial institutions meet in Brussels to discuss the future of the EU budget
Fourteenth meeting under the presidency of Italian CDP, led by Ceo Dario Scannapieco
Brussels, 10 June 2026 — The European Long-Term Investors Association (ELTI) held its first public event today in Brussels, under the chairmanship of CDP Chief Executive Officer Dario Scannapieco, bringing together senior representatives from European institutions, National Promotional Banks and Institutions (NPBIs), and policy experts to discuss how the next EU Multiannual Financial Framework (MFF) can strengthen Europe’s competitiveness, resilience, and long-term investment capacity.
Held under the theme “The future Multiannual Financial Framework: building a stronger Europe”, the event highlighted the central role of public financial institutions - particularly NPBIs - in mobilising public and private investment, supporting the green and digital transitions, and contributing to the effective implementation of EU policy objectives at national and regional level in a context of significant geopolitical, industrial, and fiscal challenges.
Pre-event internal coordination and exchanges
In the morning, ELTI held internal governance and coordination meetings, including a Management Board meeting and a CEO-level exchange. Discussions focused on ELTI’s ongoing advocacy priorities, including housing, the Savings and Investment Union, the Multiannual Financial Framework, circular economy, and Europe’s industrial and strategic autonomy agenda. These exchanges provided an opportunity to align on key policy dossiers and future joint initiatives ahead of the public event.
High-level opening and keynote
The public event opened with a welcome message delivered on behalf of Executive Vice-President Stéphane Séjourné by Estelle Göger, Deputy Head of Cabinet at the European Commission. A keynote address was delivered by Kerstin Jorna, Director-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), who emphasised the importance of strengthening Europe’s Single Market and industrial base to support long-term competitiveness.
First panel: NPBIs as key investment partners in the next MFF
The first panel, “Long-term investors as key implementing partners in the next MFF”, explored how national promotional banks and institutions can play a stronger role in delivering EU investment priorities.
Speakers included Dario Scannapieco, President of ELTI and Chief Executive Officer of Cassa Depositi e Prestiti; Catherine Mayenobe, Deputy Chief Executive Officer of Caisse des Dépôts et Consignations Group; Alison Micallef, Chief Executive Officer of the Malta Development Bank; and André Küüsvek, Chief Executive Officer of Nordic Investment Bank, moderated by Cinzia Alcidi, Senior Research Fellow and Head of the Economic Policy Unit and Jobs & Skills Unit at CEPS.
Participants stressed the importance of strengthening the role of NPBIs in EU investment delivery, improving coordination between European and national instruments, and enhancing support for SMEs, innovation, and the green and digital transitions.
Second panel: A more competitive and sovereign Europe
The second panel, “A robust MFF for a more competitive and sovereign Europe”, examined how the next EU budget can better support Europe’s long-term strategic goals.
The panel featured Sotia Hajispyrou, MFF Attaché at the Permanent Representation of the Republic of Cyprus to the EU; Nicolas Dufourcq, Chief Executive Officer of Bpifrance; Ismini Papakirillou, Chief Executive Officer of the Hellenic Development Bank; and Miguel Alves, Chief Financial Officer of Banco Português de Fomento. The session, moderated by Zsolt Darvas (Bruegel), emphasised the need for a more efficient and coherent use of EU funding instruments, greater simplification of implementation frameworks, and stronger alignment of the MFF with Europe’s competitiveness, industrial strategy, and cohesion objectives.
A shared message on Europe’s investment future
Participants reaffirmed the importance of close cooperation between European institutions and National Promotional Banks and Institutions in designing and implementing future investment frameworks. The discussions underscored broad consensus that the next MFF will be a key instrument in advancing Europe’s strategic priorities, including competitiveness, industrial transformation, and economic resilience in a changing global environment.
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About ELTI
The European Long-Term Investors Association (ELTI) brings together national promotional banks and long-term financial institutions across Europe. ELTI promotes investment, sustainable growth, and cooperation to support the European Union’s long-term economic and social objectives.
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