Big Six EU economies push for faster capital markets integration
TL;DR Summary
Germany, France, Spain, Italy, Poland and the Netherlands have urged Brussels to accelerate the Capital Markets Union to deepen cross-border finance and reduce fragmentation, suggesting some powers be shifted to ESMA; however, the plan still needs broad cross-border backing (15 member states representing 65% of the EU population) to move forward.
- EU's six largest economies push for capital markets union Euronews.com
- EU’s Economic Powers Seek Unity to Push Capital Markets Merger Bloomberg
- EU’s big 6 pitch a rival to Wall Street politico.eu
- EU's six biggest economies agree on capital markets supervision Reuters
- Germany shifts on EU oversight of financial services Financial Times
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