2024-01-10 17:59:27
The photovoltaic park in Lignan-sur-Orb, in Hérault. François BOUCHON/Le Figaro
DECRYPTION – Paris wants to relaunch with Berlin the bogged down project of the European capital market.
A few hours before the reshuffle, during his wishes at Bercy this Monday, Bruno Le Maire relaunched the Europe of Capital project to finance the green transition. “We will not be able to succeed without massively mobilizing private savings through a true Capital Markets Union”, he pleaded. A sea serpent of European construction, regularly brought up once more, but stuck for years.
The single market, born from the will of Jacques Delors, provided for the free movement of people, goods and capital. Thirty years later, this is still far from being a reality for capital. Financial Europe remains very fragmented, unlike the powerful American market. This prevents him from competing with him and, above all, from “mobilize Europe’s hidden resource: its savings”, yet much higher than that of the Americans, insisted Tuesday the governor of the Bank of France, François Villeroy de Galhau, during his wishes instead…
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