Capital Markets Union Can’t Be Delayed Says Meloni

Rome: The capital markets union is a key step that can’t be delayed to provide Europe with a financial infrastructure that is able to stimulate private investments to support competitiveness, Premier Giorgia Meloni said on Tuesday.

According to Ansa News Agency, “A further point we will deal with at the European Council will be the completion of the capital markets union, a key step and at the same time a need that cannot be delayed to provide Europe with a financial infrastructure that is able to stimulate private investments which we cannot do without if we want to support competitiveness”, said the prime minister in her briefing to the Senate ahead of the Council this week.

“We cannot pretend not to see how each year over 300 billion euros of European current assets end up in investments outside the EU.

“We have the possibility and the duty of intercepting these investments”, said Meloni.