Financial Challenges for the E.U. | NYTimes.com

The prime goal of a capital markets union should be to develop healthy sources of nonbank finance that can foster jobs and growth.

The European Union suffers from clogged up and fragmented capital markets, which are a fraction of the size of their American equivalents.

Changing this is vital because banks, especially in the eurozone periphery, are unable to finance recovery on their own.

via Financial Challenges for the E.U. – NYTimes.com.

via Financial Challenges for the E.U. – NYTimes.com.

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