Lagarde Urges Unified EU Capital Market to Bolster Economic Resilience

The ECB President highlights the urgent need for a Capital Markets Union to strengthen Europe's economy and address growing global challenges.

Christine Lagarde, President of the European Central Bank, called for swift progress on creating a unified EU capital market to counter global economic fragmentation.
She emphasized that a Capital Markets Union would help transform Europe's high savings into greater prosperity and boost domestic demand.
Lagarde criticized the lack of tangible progress on the initiative since its introduction in 2015, citing unclear implementation strategies as a major hurdle.
A unified capital market would reduce bureaucratic barriers, provide companies with easier access to funding, and encourage small investors to participate in financial markets.
Lagarde also proposed a standardized EU savings product and advocated for a centralized European financial regulatory authority to address market fragmentation.