- EU’s decade-old capital markets plan has stalled on key fronts
- Albuquerque says groups of countries could advance projects
The EU could consider moving forward with a “coalition of the willing” and not wait for all 27 members to agree on a capital markets union as it tries to break a deadlock in its decade-old plan and finance a nearly trillion-euro investment gap, the bloc’s financial services chief said.
In her first interview as commissioner for financial services, Maria Luis Albuquerque said it’s preferable to have all member states join the initiative, but she is open to alternatives on issues where agreement is elusive.