In Davos, this Wednesday, the Head of State called on Europe to invest in “major priorities for the future” in particular by issuing a common debt and the establishment of a real Capital Markets Union.
Emmanuel Macron called on Wednesday in Davos for Europeans to again issue common debt, as during the Covid-19 pandemic, to invest in “major priorities for the future”, and pleaded for “reinforced cooperation” to deepen the capital markets union.
If we block at 27, France will propose to move forward with reinforced cooperation”
“We need more European public investment”, “perhaps by daring ‘Eurobonds’ again”, “on major priorities for the future”, declared the French president in his speech to the World Economic Forum, estimating that 2024, the year of European elections, would be “key” for the Old Continent.
“Aside from that, we also need to deepen the capital markets union. We absolutely must have a financial Europe that is much more integrated,” he argued. “If we block at 27, France will propose moving forward with reinforced cooperation on this subject, because we absolutely must move forward,” he announced.
According to him, “our continent has a lot of savings. But this savings is poorly allocated. It does not circulate towards the right geographies, it does not circulate towards the right sectors”.