Europe Should Keep Financing Long-Term Projects Amid Uncertainty

Europe should continue financing long-term projects despite geopolitical, trade, technology and climate uncertainty, Banco de Portugal Vice-Governor Clara Raposo said, warning that delays could slow infrastructure, productivity and technology adoption. “Uncertainty should make us more rigorous in the way we select, design and finance investment,” Raposo said in a closing keynote on Oct. 1, 2026. “But it should not become an excuse for delays.” Raposo urged policymakers and investors to evaluate projects across multiple scenarios rather than postpone commitments indefinitely. She identified climate and energy resilience, defense, strategic capabilities, innovation and efficiency as priority areas.

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