Lest More Is Done To Attract EU Households Into Capital Markets, The CMU Project Will Fail

More than five years ago, the EU laid the foundation for a Capital Markets Union that would at last create the single market for capital foreseen 62 years ago in the Treaty of Rome, develop capital market funding for the real economy and provide better returns for EU citizens as savers.

As the excessive reliance on bank funding for long-term investment in Europe became painfully clear during the crisis and the high cost of capital was correctly identified as one of the main barriers to growth, a consensus emerged that broadening and deepening EU Capital Markets would be key to achieving this elusive European growth.

Click here for full details.