Financial stakeholders depend on robust capital markets in the United States; however, in the European Union, a capital markets infrastructure is far less developed. Economists André Sapir, Nicolas Véron and Guntram B. Wolff examine the development of the EU’s Capital Markets Union Agenda and its plan to strengthen the framework and operation of a unified EU capital market. getAbstract recommends this highly detailed but informative report to policy experts and financial executives interested in a deep dive into the policy direction of EU leadership.
In this summary, you will learn
- How much progress Europe is making toward creating a Capital Markets Union (CMU),
- Why the CMU is important to the euro zone’s economic stability, and
- What role the European Securities and Markets Authority must play.
About the Authors
André Sapir and Nicolas Véron are senior fellows at Bruegel, where Guntram B. Wolff is the director.