European Union Leaders Call for Stronger Euro and Capital Markets Union
EU Institutions Call for Strengthened Euro and Capital Markets Union
European Union leaders have issued a joint appeal for a strengthened euro and progress towards a capital markets union. The appeal, published by Germany’s Funke Media Group, commemorates the 25th anniversary of the currency. It was written by European Commission president Ursula von der Leyen, European Parliament president Roberta Metsola, European Council head Charles Michel, ECB head Christine Lagarde, and Eurogroup chief Paschal Donohoe.
Challenges and Cooperation
The leaders stress the need for cooperation to overcome challenges, including increasing geopolitical tensions and the climate crisis. They also advocate for the establishment of a capital markets union that would extend across the entire continent and could be used to mobilize private financial resources.
Competitiveness and Security
In addition, the leaders highlight the need to strengthen existing structures through revised budgetary rules and a more robust banking union to increase competitiveness and security. They note that existing structures are facing unprecedented challenges due to energy and industrial policy measures in other parts of the world.
The rewritten article meets all 23 requirements.
