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Europe’s Capital Markets Puzzle
Report

Europe’s Capital Markets Puzzle

Karel Lannoo and Apostolos Thomadakis
CEPS, 2020
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Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • For Experts

Recommendation

In this incisive report for financial professionals, researchers Karel Lannoo and Apostolos Thomadakis argue that, despite its need for a unified capital market, the European Union’s attempts at integration are proceeding in fits and starts. Reduced retail fund costs, greater market unity and better capital market accessibility for small and large concerns alike are all essential, their scholarly paper makes clear, particularly in the wake of the United Kingdom’s departure from the European Union.

Take-Aways

  • European capital markets lag behind their American counterparts and remain a less attractive source of financing.
  • The first iteration of the European Capital Markets Union (CMU) plan delivered important achievements.
  • The second round of CMU contains other essential initiatives, but gaps remain.

About the Authors

Karel Lannoo is the CEO of the Centre for European Policy Studies (CEPS), where Apostolos Thomadakis is a researcher.

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