Capital must flow more easily through the European Union. Investors and savers will therefore be able to invest their money more quickly in companies and projects throughout the Union. This was stated by the President of the European Commission Ursula von der Leyen and the President of the European Council Charles Michel.
“All European countries, for example, have their own bankruptcy laws,” says Ria Cats, Europe correspondent. “This gives investors a lot of extra paperwork, so they prefer to put their money in the US.”
‘Every country believes that its legislation is perfect and wants these laws to be adopted by the European Union’
The EU wants to remove barriers to investment by implementing the same legislation in all European countries. “This means that an investor can apply for a permit that is equally valid in all EU countries,” says Cats.
All countries agree that there should be more room for investors. According to Cats, disagreement arises over the bill. “These are laws that have been formed historically. Dutch bankruptcy law, for example, dates back to the 19th century. So each country believes that its legislation is perfect and wants these laws to be adopted by the European Union.’
Netherlands
The Netherlands has been calling for a deepening of the capital markets union for years. ‘The Hague says that successful sustainability is not possible with public money alone. That is why private investment is crucial,’ says the Europe correspondent.
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
