Bundesfinanzminister Lars Klingbeil (SPD) announced that he will launch a new initiative aimed at advancing the European Capital Market Union. Speaking to ”Handelsblatt”, he said that both on an European and national level they would now accelerate “the first important steps”. “We are working intensively on ten measures to drive the Capital Market Union forward” he added.
In the context of global structural changes, the Vice‑Chancellor emphasized a sovereign and competitive Europe, calling robust capital markets the key. He highlighted the desire to keep young, innovative companies within the continent and to help them list on European stock exchanges.
According to the report, the ten points include, among others:
” a single EU‑wide corporate form for start‑ups and growth firms,
” harmonisation of insolvency law, and
” simplification of EU financial‑market regulation.
The plan also calls for a European initiative involving institutional investors to finance companies in their growth phase.
To push the plan ahead, Klingbeil relies on the so‑called E6 format, involving France, Italy, the Netherlands, Poland, and Spain. One of the goals is to “make decisive progress” on the Capital Market Union and to spark a new political dynamism.