Federal Finance Minister Lars Klingbeil (SPD) announced a new initiative to accelerate the European Capital Market Union. Speaking to “Handelsblatt”, he said that both European and national authorities would now take decisive first steps and that they are working at full speed on ten key measures to push the union forward.
Klingbeil – who also serves as Vice‑Chancellor – highlighted that, amid global upheaval, Europe must become sovereign and competitive, and that strong capital markets are essential to that goal. He added that the aim is to keep young, innovative companies in Europe and enable them to list on European markets.
The ten measures, according to the report, include a single EU‑wide corporate legal form for start‑ups and growth firms, harmonised insolvency law, and a simplification of EU financial‑market regulation. In addition, a European initiative with institutional investors is planned to provide funding for innovative companies in their growth phase.
To advance the plan, Klingbeil is leveraging the so‑called E6 format, involving France, Italy, the Netherlands, Poland and Spain. One of its goals is to decisively advance the Capital Market Union and spark a new political momentum.
