The European People’s Party (EPP) welcomes the Capital Markets Union (CMU) package proposed by the European Commission today.As Europe is coming out of the crisis, it is important that we provide our businesses with a competitive and diversified capital market. The CMU will not only allow small and big companies to access more funding, but will also attract more external investment into Europe,” said EPP President Joseph Daul.The free movement of capital is one of the four freedoms of the Single Market and we need to eliminate internal barriers that serve as obstacles to the flow of capital. Small and medium enterprises will be the first to take advantage of the CMU and the innovative instruments it brings along. In particular, we see the European Commission’s promotion of crowdfunding, crowdinvesting and peer-to-peer lending as important innovative tools for SMEs and start-ups to raise funds more easily,” continued EPP President Daul. “Europe needs more innovative companies in order to create jobs and remain the biggest economic power in the world. But for this we must build the right bridges between investors and businesses, including start-ups. The CMU is a step in the right direction and a crucial measure to ensure the long-term stability of the European Monetary Union,” the EPP President concluded.


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For more information contact:

 

Alexandra Henman

Deputy Spokesperson

+32 471 90 76 84

alh@epp.eu

 

Angelos Athanasopoulos

National and Regional Press Director

+32 471 90 76 35

aa@epp.eu