In his report on the future of European competitiveness, published on Monday 9 September (see other news), the former President of the European Central Bank, Mario Draghi, calls on the European Union to establish a genuine Capital Markets Union (CMU) to stimulate large-scale private and public investment.
Although the European Commission has already launched a number of measures aimed at making the CMU a reality, and a certain “political momentum” has emerged in recent months (see...