Investments that will exceed 10 billion euros by 2030 in the European Defense and Security sector, is planned by the European Investment Bank (EIB), as said by the EIB Vice President, Ioannis Tsakiris, Speaking today at the 10th Delphi Economic Forum.

Mr Tsakiris revealed that the bank is in discussions with the Greek Ministry of National Defense to finance projects in these two areas. Among other things, the EIB is funding military infrastructure, such as ports, military hospitals, camps, and dual use innovation (political and military), ie radar systems, helicopters, etc.

On the occasion of the backdrop that has been set up worldwide following the imposition of duties by the US, Mr Tsakiris spoke “For images of economic warfare that we have been seeing for decades. We have no experience in such a state“. He pointed out that the problem is not structural but artificial, but if it continues it would lead to structural problems. “The most likely impact is stationary inflation, but sooner or later European economies will find their balance. Until then, money will be required and growth will be reducedMr. Tsakiris argued.

He also noted that the DraGhi report It has raised the issue of competitiveness in Europe as one of the few pillars that can deal with these situations. According to him, the resilience of European and the Greek economy must be based on European competitiveness, Capital Markets Union with significant impetus to cross -border investment, but also on enhancing innovation that produces very quickly economic results.

Mr Tsakiris then added that the Greek economy is much more durable today than 5 years ago. However, the country’s competitiveness is still affected by the low maturity of projects, a sector in which the European Investment Bank is trying to help. According to him, for last year, EIB funding for Greece amounted to 2.2 billion euros.

At the same time, it signed a € 110m funding decision for 2,500 rooms in student halls in Crete to tackle the problem of rents. Finally, he added that the EIB is willing to work with all universities in the country to fund similar interventions.