Véron, Nicolas, (2015), “Europe’s capital markets union and the new single market challenge”, Voxeu, 8 October
The EU has started conversations on a capital markets union, raising questions about integration of services such as finance. This column argues that regulated services are especially important for the European economy. Europeans will eventually be faced with a choice between maintaining sovereignty and building a single market. Whereas the ‘old’ single market in goods and unregulated services was satisfactorily addressed through standards harmonisation, the new single market challenge is all about regulatory enforcement institutions.
Relevant Posts
- Ruparel, Raoul, (2015), “Commission eyes pragmatic steps towards Capital Markets Union”, Open Europe, 30 September
- Wolff, Guntram and Veron Nicolas, (2015) “Capital Markets Union: a vision for the long term”, 24 April