Germany signals compromise on EU capital markets union
Finance Minister Lars Klingbeil stated that Germany is prepared to move on sensitive issues like financial supervision to advance the European project. He emphasized that the union is essential for economic sovereignty amid global geopolitical shifts.
Xurve View
Xurve View
Germany is ready to compromise on the European Union capital markets union (CMU) to accelerate the project's stalled negotiations. Finance Minister Lars Klingbeil signaled a shift in Berlin's stance on May 26, 2023, specifically regarding centralized financial supervision. The move aims to strengthen European economic sovereignty against global geopolitical shifts.
