In a draft statement dated 12 February, of which EUROPE has obtained a copy, the Eurogroup, together with the finance ministers of all the Member States (in what is known as the “inclusive” format), stresses the importance of a strengthened Capital Markets Union (CMU) for the future of the EU.
“If the development of European capital markets is not addressed urgently, Europe is at risk of falling behind globally in terms of competitiveness, growth, and prosperity of its citizens”,...