Despite the European Commission's efforts to meet its 2015 target of establishing a Capital Markets Union (CMU), the results are too slow and still awaited, according to a special report by the European Court of Auditors published on Wednesday 11 November.
“The Commission’s measures to diversify the financing options of SMEs and efforts to develop local capital markets within the CMU have had no catalytic effect so far”, said Rimantas Šadžius, author of the report.
Indeed, the...