On Monday 7 July, the EU27 finance ministers reviewed the various national initiatives aimed at further integrating the European Union’s capital markets.
“As a next step in autumn, we’ll take stock of the performance of EU capital markets, of the measures in EU countries to complement EU-level initiatives”, Eurogroup President Paschal Donohoe told the press on Monday evening.
In a major declaration published in March 2024, the Eurogroup recommended thirteen concrete measures to complete the Capital Markets Union (CMU) (see EUROPE 13368/3) by 2029. The development of initiatives at national level was one of them, and an initial assessment was made last autumn (see EUROPE 13518/15, 13517/6).
On Monday, the President of the European Investment Bank (EIB), Nadia Calviño, presented to the European ministers the EIB’s initiatives aimed at improving SME access to capital markets, the EIB’s contribution to the EU’s regulatory simplification efforts, and the avenues envisaged for relaunching the securitisation market.
“Ministers heartily welcome the EIB’s commitment to the Capital Markets Union and the Savings and Investment Union objectives”, said Mr Donohoe. (Original version in French by Bernard Denuit)