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EIB Chief Seeks Lending Freedom
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Nadia Calvino, the head of the EU's EIB lending arm, is advocating for the removal of a spending cap that hinders the bank's lending capacity. The cap, dating back to the 1950s and restricting lending to 2.5 times the capital, is deemed obsolete by Calvino due to the EIB's substantial growth.
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How does this push for reform reflect broader trends in financial institutions adapting to modern economic challenges?
How might the elimination of the spending cap change the EIB's lending strategies?
What implications could Calvino's proposal have on the EU's economic growth and infrastructure investments?
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