Lagarde Urges EU Leaders to Accelerate Capital Markets Union
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The European Union should push ahead urgently to lower national barriers and build a capital markets union to help the bloc foster innovation with a more suitable financing ecosystem, European Central Bank President Christine Lagarde said.
Lagarde told EU leaders gathering Friday in Budapest that significant portions of savings aren’t channeled toward innovative firms, leading to a talent drain and funding inefficiencies, according to officials briefed on the discussions.