European financial architecture for development

The Wise Persons Group’s Verdict: Opportunities and challenges to restructuring the European Financial architecture

The Council of the European Union – on proposition of France and Germany – mandated a Wise Persons Group (WPG) to assess options for a more efficient and sustainable European financial architecture for development. The group published its final report this Tuesday, in which it presents three scenarios for a future European Climate and Sustainable Development Bank. Lennart Kaplan and Benedikt Erforth (DIE) are analyzing and giving a brief blog based on the Wise Persons Group report.