Margrethe Vestager, in the event of a successful candidacy, intends to sharpen the profile of the European Investment Bank (EIB) and expedite processes there. Her drive is to implement political decisions after 25 years in politics and nine years in the EU Commission, stated the Danish liberal in front of journalists in Berlin. The EIB serves as the arm for European investments, implementing ambitious plans to achieve climate neutrality in Europe by 2050, deploy new technologies, and advance cohesion.

In mid-June, the 55-year-old EU Vice President responsible for Competition and Digital threw her hat into the ring for the top position at the EIB. The second six-year term of EIB President Werner Hoyer (71) comes to an end at the close of the year. On Friday, Vestager met with German Economy Minister Robert Habeck (Green Party), Finance Minister Christian Lindner (FDP), and Chancellor's Office Chief Wolfgang Schmidt (SPD). The candidate must secure the support of two-thirds of the European finance ministers and an equal share of the EIB's capital. Here Germany and France play a special role due to their weight.

Vestager sees the EIB's role as an institution for implementing political decisions. Controversies should be resolved politically. The EIB must understand its mission. "The bank is a bank, not a political battleground." Vestager emphasized that she represents her candidacy equally throughout Europe.
Lindner had tempered Vestager's announcement that the EIB should take more risks. The EIB's AAA rating is essential, he said. Vestager agreed, as it secures favorable refinancing for the EIB. Risks should be well-managed with risk models.

Conflicts are emerging with France over investments in nuclear power. On this issue, Vestager described herself as pragmatic. So far, the bank has only provided limited funding for nuclear power, e.g. for the cleanup of legacy issues or improved safety measures, but not for new facilities. If there were different decisions on this matter, she would be fine with it. However, this should not be a matter for the bank. To her transparency is particularly important.

Vestager faces serious rival candidates. Spanish Finance Minister Nadia Calviño (54) is considered a strong contender. Italy has nominated former central banker and finance minister Daniele Franco (70). Additionally, EIB Vice Presidents, Sweden's Thomas Östros (58) and Poland's Teresa Czerwińska (49), are running. At the upcoming informal meeting of finance ministers in Santiago de Compostela in September, Vestager will be a member of the Danish delegation. Calviño presides over Ecofin by virtue of her office. EU member states are certain to air their positions. Though a decision is unlikely to be reached then.