LUXEMBOURG — Just before Christmas, European Investment Bank President Werner Hoyer traveled to London with a message for his counterpart at the European Bank for Reconstruction and Development, Suma Chakrabarti: “Let’s sort things out.”
After months of sparring over which institution should win the race to become the European Union’s Climate and Sustainable Development Bank, Hoyer told Devex he would try “to convince my colleague in London to say, ‘Come on, let us develop a little bit of common ground together and propose something together to our political leaders.’”
The encounter did not immediately generate white smoke, however.