What Europe can learn from the Gulf: Capital that builds

At the Future Investment Initiative Institute Summit in Rome last week, the question was asked: Where will Europe find the capital to fund its next phase of growth? The Draghi report estimates that €800 billion ($917 billion) a year is needed to reindustrialize the continent and complete the energy transition. Public finances are constrained and, while banks remain central, regulation and risk have reduced appetite for long-duration lending. Into that gap step sovereign wealth funds, private capital and new forms of partnership. But the framing misses the point. Europe does not lack capital.

Raccontata daeuronews.comadnkronos.comarabnews.com