Capital Markets Union: The objectives
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develop a more diversified financial system complementing bank financing with deep and developed capital markets
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unlock the capital around Europe which is currently frozen and put it to work for the economy, giving savers more investment choices and offering businesses a greater choice of funding at lower costs
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establish a genuine single capital market in the EU where investors are able to invest their funds without hindrance across borders and businesses can raise the required funds from a diverse range of sources, irrespective of their location
Source: European Commission (more explanation here)