Premier Giorgia Meloni said on Tuesday that completing the capital markets union is a crucial step that cannot be delayed. It is particularly important, she said, if Europe wants a financial infrastructure capable of stimulating private investment and supporting competitiveness.
“One of the issues we will address at the European Council is the completion of the capital markets union, a key step and an urgent necessity to provide Europe with a financial infrastructure that can drive private investments — something we cannot do without if we want to sustain competitiveness,” Meloni told the Senate in a briefing ahead of this week’s Council meeting.
“We cannot ignore the fact that every year, over €300 billion of European current assets are invested outside the EU. We have both the opportunity and the duty to intercept these investments,” she added.
European unity on tariffs
Meanwhile, Confindustria President Emanuele Orsini stressed the need for European unity on tariffs to secure a favourable agreement.
“On tariffs, we must remain united in Europe to achieve a positive deal,” Orsini said at the Building a Circular Economy for a Sustainable and Competitive Europe congress at the European Parliament.
Italy, the world’s fourth-largest exporter, is concerned about a potential trade war. “Europe must stand firm and united on these matters to negotiate effectively. It has the ability to secure free trade agreements with other countries,” Orsini noted.
