French Finance Minister Proposes Accelerated Path for EU Capital Markets Union

Bruno Le Maire calls for a select group of countries to lead the way in strengthening European capital markets, citing frustration with the slow progress.

French Finance Minister Bruno Le Maire criticizes the EU for slow progress in developing capital markets, proposing a 'two-speed' approach.
Le Maire suggests a small coalition of willing countries could initiate stronger capital markets union to bypass prolonged discussions.
The proposal aims to address the EU's financing needs for climate and digital transitions, which cannot be met by public funds alone.
Mixed reactions from EU officials, with some welcoming the initiative and others advocating for a unified approach among all member states.
European Central Bank President Christine Lagarde emphasizes the urgency of the proposal in preparing for potential economic disruptions.