The Council adopted conclusions on the Commission’s action plan for the development of a capital markets union.
The
plan, published on 30 September 2015, is aimed at establishing a fully
functioning EU capital markets union by the end of 2019.
It
sets out a variety of measures to strengthen capital markets so as to
attract more investment, including foreign investment, for European
companies and infrastructure projects. One of the main aims is to
improve access to finance for European SMEs and start-ups, especially in
innovative industries.
The
Council welcomed the Commission’s first package of specific proposals
and initiatives, and emphasised the need for an ambitious agenda also
for the longer term.
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