Lord Hill, who resigned as our EU Commissioner recently, as a final act, has unveiled a plan to launch an EU wide capital market (HERE). At present capital markets in Europe are fragmented and banks are having difficulty lending so the EU plan is to use private capital markets to plug the gap and get Europe moving again.
Ironically, this would have been of huge benefit to London which would have dominated it, bringing in wealth and tax revenues. Brexit has put paid to it.
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