Sector

Europe remains addicted to debt as CMU fails to deliver

The EU is struggling to unlock the power of financial markets and give them a bigger role in the economy, like in the US, where market finance is more widely accepted. Photo: PxHere CC0 public domain
A widening equity gap and a subdued securitisation market are clear signs that the European Union is failing to deliver on its ambitious Capital Markets Union plan to boost the popularity of risk capital and financial markets, a fresh industry report warned on Thursday.
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