The missing capital market: Europe has €37tn in savings. Why isn’t more of it reaching businesses?
1 July 2026
Despite capital markets integration being a top priority for EU leadership, member states remain reluctant to deepen it further.
A full European capital markets union comparable to the US remains out of reach, even though it is seen as necessary to compete in strategic sectors like AI and defence.
A full European capital markets union comparable to the US remains out of reach, even though it is seen as necessary to compete in strategic sectors like AI and defence.