French Finance Minister Bruno Le Maire and Germany's Finance Minister Lindner express concerns over the EU's lag in developing capital markets compared to the US. France proposes kickstarting the EU Capital Markets Union with a small group of countries to accelerate the project, aiming to mobilize European savings for various investments.
Mario Draghi says the European Union must find ways of financing massive investment quickly to catch up with major shifts in the world order https://t.co/mQN8jaWokd
The EU is coming for your savings: "the capital markets union [is] the ability to mobilize all of Europeans' savings - 35,000 billion euros - to finance the climate transition, fund our defense efforts, and invest in artificial intelligence." https://t.co/qPE2ekFac1
French Finance Minister Le Maire stirs discord with 2-speed pitch for EU markets unity https://t.co/YBrsJbEvqx via @WHorobin @europressos https://t.co/W79FYfgNVq
French Finance Minister Bruno Le Maire slammed the EU for making only sluggish progress in bolstering capital markets, raising tensions over a project officials say is crucial to avoid prolonged economic weakness https://t.co/M1wRMAmJU6
Unreal. This is Bruno Le Maire, France's Minister of the Economy. You might know him as the genius strategist who said he was going to "cause the collapse of the Russian economy"... Now he is straight out declaring that Europe has run out of money (it "does not have sufficient… https://t.co/fra7DeEoCE
France proposes starting EU Capital Markets Union with small group of countries https://t.co/F8VbjxCuLQ https://t.co/ENdeQDd3sk
Europe has growth challenge as inflation defeated, Le Maire says https://t.co/nEvGZBxg8b via @WHorobin @sanne_wass @KowalczeKamil @europressos https://t.co/FpzxLvDSvk
⚠️ FRANCE PROPOSES STARTING EU CAPITAL MARKETS UNION WITH SMALL GROUP OF COUNTRIES (Reuters) France proposed on Friday that European Union member states which back the creation of Capital Markets Union should initially go it alone to accelerate a project that has dragged on for… https://t.co/V2sWMYtG8p
The EU should re-brand its effort to unite fragmented financial markets if it is to close the gap behind the US and ensure autonomy faced with geopolitical challenges, the Bank of France Governor says https://t.co/xU4m9rWdsM
France makes urgent pitch to unchain growth of EU capital markets https://t.co/zEaWphI47I via @WHorobin @europressos https://t.co/Zt6GRY4C82
French Finance Minister Bruno Le Maire calls for a small group of countries to kickstart near-dormant efforts to bolster European capital markets https://t.co/moXHlZlogl
🔴 GERMAN FINANCE MINISTER LINDNER: THE EU'S SHORTCOMING IS A LACK OF CAPITAL MARKETS LIKE THE US.