A plan to unlock funding for Europe’s growth has been high on the political agenda for years although delivering a single financial market for capital across the continent is no easy task that will continue to challenge the next leadership.
Citizens across 27 European countries are going to the polls this week to elect new members of the European Parliament, which will then proceed to appoint its president as its first action after the elections on 6-9 June.
The question is: Will the new European leadership share the same view on a Capital Markets Union – and will there ever be enough political will to see its fruition?
For wider context, the Capital Markets Union (CMU) initiative was launched by the Jean-Claude Juncker Commission, which adopted the first CMU action plan in September 2015. It set out a list of more than 30 actions to establish the building blocks of an integrated capital market in the EU by…
