Faced with weak growth, high unemployment and persistently
rising debts, the European Commission (EC) has placed renewed
emphasis on what is known as the capital markets union.
The idea is the logical successor to last
year’s banking union. Broadly, it refers to the
concept that Europe’s financial system should be
more like that of the US, where 80% of funding comes from the
markets. So far, so logical.
There’s just one fly in the ointment: nobody
really knows what a capital markets union means, or how it will
be turned into a workable reality.
Taking this apparent lack of direction as a starting point,
IFLR’s poll this month asks what should be the
EC’s priority in establishing a capital markets
union. Should it focus on developing a private placement
market; should it outline a framework for project bonds; or
perhaps boosting banks’ capacity to lend to small
and medium-sized enterprises is the most important part of the
Vote on this month's Quick Poll box, which is featured on
the right of IFLR’s homepage. All votes are
The results will be published in the November edition of
Results of previous Quick
Long live the PPP
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