On Wednesday 9 October, the French, German and Dutch Finance Ministers presented the report of the “Next Capital Markets Union” high-level working group at the Eurogroup meeting in Luxembourg.
Launched last May jointly by France, Germany and the Netherlands (see EUROPE B12257A5) and charged with analysing the functioning of the CMU with a “fresh eye”, 5 years after it first began, the group was joined by experts from Italy, Spain, Poland and Sweden.
“Overall, our feeling is that...