In an analysis published on Tuesday 14 October, the Centre for European Policy Studies (CEPS) highlights the weaknesses and biases underlying the ‘Finance Europe’ initiative, the voluntary label launched in June by seven EU Member States to direct savings towards European assets(see EUROPE B13654A20). Although “politically appealing”, the initiative is “economically flawed”, according to the Brussels think tank.
It believes that the label is based on a fragile diagnosis and...