Faced with massive investment needs and foreign competition, cash-strapped European leaders want to rejuvenate the nearly decade-old political project known as the capital market union.
For years, Europeans have had to watch as European companies decided to raise funds on the New York Stock Exchange rather than in one of the European financial capitals, such as Frankfurt, Paris, or Amsterdam. Even London is increasingly losing out to the US, in part because the US financial market is fa...
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Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.