Spain to propose mini-coalitions to break EU capital markets stalemate

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Financial Times 15h ago

Spain to propose mini-coalitions to break EU capital markets stalemate - Financial Times

Quick Summary:

Spain’s move comes after policy recommendations from former Italian premiers Mario Draghi and Enrico Letta, who warned that the bloc risked economic decline if it could not turn its private savings into productive investments.

More recently, a French proposal backed by Italy, Spain, Poland and the Netherlands to forge ahead with a capital markets union ran aground.

Carlos Cuerpo, the Spanish economy minister who will present the country’s proposal to fellow EU ministers in Luxembourg, told the Financial Times implementing the Italian recommendations was “a huge job ahead for all of us”.