Senior Deputy Secretary General Lino Cardarelli attended the Forum “Towards a Sustainable Future: The Role of Long-Term Investment”

The Long-Term Investors Club was created in 2009 by the European Investment Bank, the French Caisse des Dépôts et Consignations, the Italian CassaDepositi e Prestiti and the German KfWBankengruppe, to bring together major long-term institutional investors and to coordinate their activities in the global economy in support of sustainable economic growth.

The Forum was a high-profile seminar and aimed at discussing the main features of long-term policies to promote investments by gathering in the beautiful city of Venice, Italy, the most eminent experts from all over the world. Among the speakers were Gunther Teubner from the International Univeristy College of Turin and Gerassimos Thomas, Director General of ECFIN Directorate of the European Commission who discussed the ways to strengthen European economic governance and regulatory infrastructure.

Philippe Aghion (Harvard University – Video conference), Zvi Bodie (Boston University), Vincenzo La Via (CFO of The World Bank) also contributed actively to the debate in this two-days meeting. Jeffry Frieden from Harvard University highlighted the historical perspectives of changing boundaries between state and market while Guido Calabresi from Yale University insisted on the importance of public governance in the markets.
In his address, Senior Deputy Secretary General Lino Cardarelli presented the Secretariat of the Union for the Mediterranean (UfMS), and pointed out the importance of LTIC members contribution to finance infrastructure regional projects between the two shores of the Mediterranean.