Many sources of financing to stimulate venture capital are still underused in Europe, the European Securities and Markets Authority (ESMA) concludes in a report published on Tuesday 7 March.
The ESMA believes that Europeans could put more savings into venture capital: 3 million European citizens hold non-real estate funds of more than €1 million. Even a very small fraction of this total could have a considerable impact on growth and employment, it argues.
On average, European businesses...