Brussels, 05/07/2013 (Agence Europe) - In line with the agenda of the recent European summit, top officials and the presidents of 16 long-term financing institutions in the European Union met in Paris on Friday 16 July, where they launched the European Association of Long-Term Investors (ELTI).
ELTI will develop the same agenda at EU level as the global Club of Long-Term Investors' (LTIC), which includes some of the same large members. With a combined balance sheet of €1.5 trillion, ELTI's goal is to promote long-term investment in close alignment with the objectives and initiatives developed by the European Union to foster sustainable and smart growth and job creation. Its tasks will include representing the shared interests of its members vis-à-vis the EU institutions, exchanging experiences and information, developing business synergies among themselves and promoting academic research. ELTI intends to act as a spokesman for its members in dealings with EU institutions and bodies, particularly as regards the implementation in the next multiannual financial framework (2014-2020) of the new financial instruments designed to channel capital into investment in infrastructure, SMEs, innovation and energy projects. (OL/transl.fl)