we welcome valdis dombrovskis, eu commission vice president of financial stability.burg. let me congratulate you on your election today. let me ask you, as the new commission takes its role, what is the main agenda for you and what is your role in delivering on that? if you look at the next european commission, we will be in the area of economy dealing with green and digital transformation of eu economy so there is the potential for europe to become carbon neutral by 2050. andill be working on europe when undergoing those major economic transformations, we need to ensure they preserve our european model of social market economy. this will be one of my tasks when working on the economic and social matters. david: and on the question of green, particularly, i know you've said you would like to see reforms made within europe that would make it easier for banks in europe to make loans for green investment here it is that possible within your jurisdiction or it does the european have to sign off on that? as regards financing of european green transition, it must be said i

order to make our financial system stronger and more resilient i haven't trusted this task to valdis dombrovskis the right person for the right job thank you. he will make sure our economy works for people for a change jobs equal opportunities fair working conditions and inclusion. he knows that we need sound public finances for sustainable growth and he will drive our competitiveness and our sustainability they go hand in hand we should never forget that competitive sustainability has always been that the heart of our social market economy we just called it differently think of the family owned business all across our you european union they were not boat built on solely shareholder values or the next bonuses they were built to last to pass down generations to provide a fair living for the employees they will build on passion for quality tradition and innovation the things we make today may have changed but we must rediscover our competitive sustainability dear friends here in this high als it was in this spirit that each and every member state committed to the united nations sustainable develo