Building EU capital markets – starting with the Eurogroup’s ABC

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With the latest Eurogroup’s statement, the urgency for deeper and more developed capital markets in the EU has finally reached a turning point. The key question remains though, namely what is really different this time? For many, this will seem like a repetition of the many initiatives we have seen before or will simply set the stage for yet another action plan. The strong focus on 'citizen' involvement in capital markets could however herald a change to focus on the buy side.

Karel Lannoo is General Manager of ECMI and CEO of CEPS.