Capital markets union vital to 'speed' EU's Covid-19 economic recovery

EC's final report backed by EFAMA

Jenna Brown
clock • 3 min read

Completing the European capital markets union (CMU) has become particularly urgent in order to speed up the bloc's recovery from the coronavirus pandemic, the European Commission’s High Level-Forum has said, as it released its final report on the issue.

The report, released today (10 June), proposed 17 interconnected measures the European Union (EU) needed to urgently implement to remove the biggest barriers in capital markets. It said a fully-fledged CMU would help rebuild the EU's economy, by "providing new funding sources for businesses and investment opportunities for Europeans". It added it would be vital for mobilising much-needed long-term investments in new technologies and infrastructure, to tackle climate change and to deliver Europe's "New Green Deal and Digital Agenda". European Commission plans to remove barriers to c...

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