The EU remains pending progress on some issues. One of them is the capital markets. “It is the great pending issue of the European integration process, but today, due to the serious social and economic crisis caused by the coronavirus, it has become an even greater need for European citizens.” These are the words of the PP MEP Isabel Benjumea, who this Thursday has presented a report that seeks to favor the access of SMEs to those capital markets. The document, in fact, has been approved.
“European companies and citizens they need to have more reliable and clear guarantees to access financing and participate in the investment market, “commented the MEP. For this, she added, it is essential to finish” closing the debates on insolvency laws, taxation and the issue of European supervision. “
For Benjumea, it is essential that the European Union “become a more competitive market capable of attracting capital”. After leaving the United Kingdom, “it is more important than ever that the European market is a market that not only European companies but all those foreign companies looking for financing or a market want to access” where they can mobilize their investments, he said in his presentation. before the Eurocamara.
According to the EPP, the Capital Market Union is now “one of the Commission’s priorities”. This culmination, they add, will allow small and medium-sized companies to “have more options for access to capital and liquidity and not having to depend so much on bank debt for its financing. “On the other hand, the report concludes that progress in this regard” would allow small savers, families and households to have more options and guarantees of access to financial markets to make their savings investments ” .
The People’s MEP has also encouraged European institutions, Member States and the financial industry to “join forces and commit to this necessary task to make the freedom of movement of capital in Europe a reality. “