The EU has been trying for many years to unify fragmented capital markets to provide better investment opportunities for EU citizens and attract more capital to regional companies. This idea was neglected for many years due to disagreements among member states, but it has been given new momentum as China’s industry rapidly advances and relations with the United States worsened during President Donald Trump’s term.
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Germany’s Finance Minister Lars Klingbeil, speaking before talks with five of his EU counterparts in Berlin, said there are “times when we need more Europe – and now is such a time.”
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