Strategic Autonomy Requires Completing the Capital Markets Union (legrandcontinent.eu)

• EU share of global capital markets fell from 18% to 10% over 16 years
• Over 80% of household savings in short-term deposits
• Three priorities: orient savings, create single market, diversify ecosystem

"The EU needs massive capital for its strategic autonomy goals. Fabrice Demarigny argues that the Capital Markets Union (CMU) must be completed. EU share of global capital markets fell from 18% to 10% in 16 years; household savings are over 80% in short-term deposits. He proposes three priorities: orient savings to long-term equity investment, create a single capital market with 27 entry points, and define a competitive ecosystem to reduce dominance of non-EU players. Post-Brexit, the EU must also match London's regulatory flexibility."