EU summit in Brussels: Scholz sees potential for a capital markets union

EU summit in Brussels: Scholz sees potential for a capital markets union

The EU aims to strengthen its domestic economy in order to remain competitive in international competition with America and Asia. The EU member states recognize the need to adapt the economic policy of the international community to the current geopolitical challenges. In particular, the significant competition from the USA and China, which give their companies advantages through high subsidies, requires an adjustment of EU economic policy.

In order not to see the EU economy left behind, the mobilization of money is of great importance as the key to promoting investment. In their statements, EU leaders emphasize the need for public and private financing to invest in key strategic areas and infrastructure. A special report highlights the importance of mobilizing private savings, which exist in significant quantities in the EU.

Furthermore, the accelerated development of the Capital Markets Union is seen as crucial to unlocking private capital. Cooperation between European supervisory authorities is to be improved to ensure more efficient supervision of the capital markets. The aim is also to strengthen citizens' general financial knowledge in order to promote investments.

The EU is discussing allowing more state aid to offset the impact of state aid for companies from China and the USA. It is suggested to establish stricter state aid rules at national level while making more public money available for EU projects. The heads of state and government are also calling for a reduction in the bureaucratic burden for companies and national authorities in order to strengthen the efficiency and attractiveness of Europe as a business location.