At the 'Economic and Financial Affairs' Council on Tuesday 23 May, the Finance Ministers of the member states approved the roadmap proposed by the Commission in its report on lifting the national barriers to capital flows by 2019, to speed up completion of the Capital Markets Union (CMU).
“Creating a real Capital Market Union lies not only at the EU level. Member states have an essential role to play. There are still barriers to capital flows that have nothing to do with EU law and which...