Taking note of the letter of the President of the Eurogroup of 18 March 2024, we are determined to urgently speed up the deepening of our Capital Markets Union, which will be key to mobilising the substantial financing needed for the green and digital transitions.
3. Open, well-functioning and integrated European capital markets are crucial to promote the Single Market, improve funding sources for growing companies, including SMEs, and to offer attractive saving opportunities to EU citizens. This is key to boosting EU investment, competitiveness and innovation, thereby ensuring sustainable growth and job creation. Taking note of the letter of the President of the Eurogroup of 18 March 2024, we are determined to urgently speed up the deepening of our Capital Markets Union, which will be key to mobilising the substantial financing needed for the green and digital transitions.
For this purpose, we:
a) invite the European Parliament and the Council to ensure the rapid completion of the outstanding legislative work on the 2020 Capital Markets Union action plan;
b) call on all Member States and EU institutions to take work forward, with a view to ensuring the swift implementation of all the measures outlined in the statement of the Eurogroup in inclusive format on the future of the Capital Markets Union;
c) ask the Eurogroup in inclusive format to regularly take stock of the performance and evolution of European capital markets and report on the progress of the identified measures.
4. We welcome that there will be further discussions on the strategy for capital markets integration in the context of the Special European Council in April and task Coreper to actively advance work on the relevant proposals in view of that meeting. We remain seized of the matter and will review progress regularly.
5. We welcome the progress achieved by Bulgaria on its way towards adopting the euro and encourage the continued efforts towards meeting all the convergence criteria.
full statement
Euro Summit
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