Free Trial

MNI: France Backs Proposal For Joint EU Retail Bonds-Officials

(MNI) Brussels

France and Germany are trying to inject momentum into plans for Capital Markets Union.

A draft paper prepared by European Union finance officials with support from countries including France proposes a joint eurozone retail bond or a similar market-based savings product as part of a package aimed at injecting new momentum into plans for Capital Markets Union, with other proposals including an overhaul of market supervision, easing obstacles to stock market consolidation and further convergence of listing requirements.

The proposals in the paper seen by MNI were discussed in the Euro Working Group last week and will be on the table when finance ministers meet in Ghent this coming weekend, when they will also debate other aspects of Europe’s competitiveness challenges.

Keep reading...Show less
322 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

A draft paper prepared by European Union finance officials with support from countries including France proposes a joint eurozone retail bond or a similar market-based savings product as part of a package aimed at injecting new momentum into plans for Capital Markets Union, with other proposals including an overhaul of market supervision, easing obstacles to stock market consolidation and further convergence of listing requirements.

The proposals in the paper seen by MNI were discussed in the Euro Working Group last week and will be on the table when finance ministers meet in Ghent this coming weekend, when they will also debate other aspects of Europe’s competitiveness challenges.

Keep reading...Show less