In a joint statement published on Wednesday 18 July, the finance ministers of eight member states (Denmark, Estonia, Finland, Ireland, Latvia, Lithuania, Sweden and the Netherlands) called for work to be stepped up to make the Capital Markets Union (CMU) a reality by 2019.
“Taking account of the European Union political and institutional cycle, time is not on our side and so we must set an ambitious target and prioritise. This means that we should focus our resources on those outstanding...