Michel said that further integration of the Capital Markets Union (CMU) would unlock “trillions of euros” in potential investments, thereby rivalling if not surpassing the $369 billion US Inflation Reduction Act (IRA)
European Council president Charles Michel said on Wednesday (17 April) that Europe’s answer to the US’s multibillion green subsidy programme should be to deepen its single market for financial capital.
Speaking at a press conference in Brussels alongside former Italian prime minister Enrico Letta — who is due to present his much-anticipated single market report to EU leaders on Thursday morning — Michel said that further integration of the Capital Markets Union (CMU) would unlock “trillions of euros” in potential investments, thereby rivalling if not surpassing the $369 billion US Inflation Reduction Act (IRA).
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