On 27 June, the European Council adopted conclusions on Ukraine, the Middle East, security and defence, competitiveness, other items, the next institutional cycle and a roadmap for future work on internal reforms.
IV. COMPETITIVENESS
29. Following its conclusions of April 2024 and the Presidency report on work towards a new European competitiveness deal, the European Council reviewed progress on initiatives to enhance the Union’s competitiveness, secure its economic resilience and achieve the full potential of the Single Market.
30. In particular regarding the Capital Markets Union, the European Council calls on the Council and the Commission to accelerate work on all identified measures, including outstanding proposals, necessary for the creation of truly integrated markets which are accessible to all citizens and businesses across the Union and which benefit all Member States. It reiterates the sense of urgency and the importance of the Capital Markets Union in mobilising the substantial amount of private investment needed to meet the challenges ahead.
31. The European Council looks forward to swift and decisive progress on all strands of the new European competitiveness deal by the end of the year and will remain seized of the matter
full conclusions
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