EIB's Calvino Says US Turmoil Is Driving Capital to Europe

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Europe could benefit from recent market turmoil in the US as investors seek a safe haven for their capital, European Investment Bank President Nadia Calvinho said. "The turmoil in the US is driving capital to Europe," she said in an interview with Bloomberg Television on Monday. "I expect that...

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The turbulence in the United States – politically and economically – is scaring capital away from the country, which is instead choosing Europe, according to Nadia Calvino, head of the European Investment Bank (EIB).

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"Investors are looking for a safe haven," he noted.

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The turbulence in the US – politically and economically – is scaring away capital from the country, which is instead choosing Europe, according to Nadia Calvino, president of the European Investment Bank (EIB). “I expect it to continue,” says Nadia Calvino of what she describes as a flow of capital that has begun to move to Europe from the US, partly after last week’s market turbulence following the Democrats’ landslide victory in the US mid-ter…