The need for an integrated European capital market has been a focal point of the work carried forward by the Eurogroup.
This work is expected to culminate in a statement indicating a path ahead for coming years.
The programme of the European Commission on capital markets union (CMU) has had limited results so far and markets remain fragmented.
In previous blog posts, the need for better market functioning and more integration has been highlighted. This time, we expand on the finance of small- and-medium-sized enterprises (SMEs).
Improving access to capital markets for SMEs and start-up businesses will be essential to address the competitiveness challenges Europe faces.(...)
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