Capital markets union

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The capital markets union is an initiative of the European Union designed "to achieve a true single market for capital in Europe."

If the initiative is successful, a capital markets union will be the result, widening access to a range of funding sources.

Capital markets union depends on fiscal union
"In 2012 the eurozone... embarked on an ambitious programme to harmonise capital markets and reduce dependency on banks.
But both the banking and capital markets union depend on fiscal union - and that remains incomplete and contentious."
The Treasurer magazine, Cash Management Edition April 2019 p22, Frances Coppola, economics and finance commentator and speaker.

See also