French Finance Minister Bruno Le Maire proposed on Friday the creation of a
“European savings product”
with the EU states that wish it, in order to mobilize private capital in the service of growth.
“Let us launch a European savings product in 2024, the characteristics and performance of which we will define with the voluntary states,”
declared Bruno Le Maire, before a meeting with his counterparts from the Twenty-Seven in Ghent (Belgium).
He raised the possibility of a handful of countries participating in this initiative to build a capital markets union in Europe.
More information to come…