Six major European economies jointly call for capital markets union acceleration today. Brussels becomes focal point as leaders discuss speeding up market integration plans.
Countries emphasize integrated financial markets hold key for unlocking European growth potential.
Letter highlights fragmented regulations remain substantial barriers for both investors and companies. Proposal suggests transferring significant powers to European Securities and Markets Authority soon.
Some EU nations hesitate to relinquish national authority due to sovereignty concerns. Achieving necessary support depends on securing nine additional countries amid ongoing negotiations.