Capital markets union
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.