Europe Aims to Sidestep Capital Market Impasse With New Label

A group of European countries is teaming up on a new initiative to help funnel more savings into the continent’s economy, as the region tries to accelerate progress on integrating and deepening its capital markets.

Officials including French Economy Minister Eric Lombard and his Spanish counterpart Carlos Cuerpo are scheduled to sign an agreement in Paris on Thursday for a label called “Finance Europe” that would apply to certain products targeting retail investors, according to a statement by the French Economy Ministry.