The objective is to mobilize private capital for growth. French Finance Minister Bruno Le Maire proposed, Friday February 23, the creation of a “European savings product” with the EU states that wish it.
“Let us launch a European savings product in 2024, the characteristics and performance of which we will define with the voluntary states,” declared Bruno Le Maire, before a meeting with his counterparts from the Twenty-Seven in Ghent (Belgium). He raised the possibility of a handful of countries participating in this initiative to build a capital markets union in Europe.
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