The European Commission, from the beginning of its mandate in October 2014, has made it clear that the priorities are to strengthen the European economy and stimulate investment in order to create jobs. In this context, Jean-Claude Juncker, supported by the Council and the European Parliament, launched the European Fund for Strategic Investment (EFSI).
In line with the objectives of the new European Commission and the proposals of the President of the European Commission, it is the responsibility of Commissioner Hill to lead the creation of a Capital Markets Union (CMU) for the 28 Member States, the roadmap was published in late September.
It should be recalled that the free movement of capital is one of the fundamental pillars on which the European Union was created. But, despite the progress made over the last 50 years, European capital markets continue to be relatively underdeveloped and fragmented.