The European Union needs to ease its regulatory framework for companies operating in its territory to become more competitive with the US and China. This was stated by the President of the European Commission, Ursula von der Leyen, quoted by “Reuters”, reports News.bg.
“Take the United States as an example – there is one financial system, one leading financial capital and several other financial centers. However, in Europe we have 27 different financial systems, each with a separate supervisory authority, as well as over 300 trading venues across the Union,” she noted during a speech in the European Parliament.
“This is fragmentation on a massive scale. We need a large, deep and liquid capital market. This is the main goal of our Savings and Investments Union initiative,” von der Leyen added.
She specified that she would propose that EU leaders at the summit in March approve a joint roadmap for deepening the single market until 2028, with a concrete timetable for action.
Von der Leyen added that the European Commission has already tabled proposals for integration and market surveillance and has called on member states to speed up the process to achieve the creation of a common single market as early as 2028. According to her, if necessary, changes can be introduced first in a smaller group of countries, ultimately aiming to remove the barriers that prevent Europe from becoming a true global economic giant.
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Assessment 2.3 from 25 voice.
date:2026-02-11 09:31:00
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