Need for Progress in Capital Markets Union

Over the last ten years, the Capital Markets Union initiative in the EU has not met its ambitious goals. Despite the lip service and political support for unifying Europe's capital markets to rival Wall Street, actual progress has been slow. Various policy decisions and new legislations have been made, but they have not aligned with the Union's vision. The Capital Markets Union aims to boost EU resilience financially, support growth in high-growth firms, and fund green projects. However, the lack of tangible results and urgency to stay competitive globally emphasize the need for more concrete actions to strengthen Europe's financial market.