A Capital Markets Union (Draghi Report)

This resolution calls for significant investments and reforms to boost the European Union's competitiveness and create a stronger Capital Markets Union. It aims to unlock private capital, foster innovation, and ensure sustainable economic growth in response to global challenges and lagging productivity.

The proposals affect businesses, particularly SMEs, by aiming to improve their access to finance and reduce administrative burdens. Citizens are also impacted through efforts to enhance financial literacy and provide better savings and investment opportunities.

Key changes include accelerating the integration of EU financial markets, simplifying regulations for listed companies, and encouraging more venture capital investment. The resolution also stresses the need for greater coordination of national tax and insolvency frameworks to facilitate cross-border investment.

The resolution highlights the need for urgent action to address the investment gap, estimated at EUR 750-800 billion annually. It calls for increased private sector involvement, supported by public finance, to achieve these goals and strengthen the EU's economic sovereignty.