And I mentioned Lagarde During the European Banking Meeting in Frankfurt, the proposed Capital Markets Union “is important for us to become more flexible in a rapidly fragmenting global economy.”
Lagarde argued that “capital markets are the missing link for Europeans to turn their significant savings into an even greater revolution, which will ultimately enable them to spend more and boost internal demand.”
She added: “However, the growing necessity has not been matched by tangible progress towards the union of capital markets, largely because its application is still loosely defined.”
