Towards a single market for capital in Europe

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Debate with Commissioner Hill in the EESC ECO Section: putting the focus on supporting investment, jobs and growth in Europe

Stronger and deeper capital markets make our economy more resilient and provide alternative sources of financing for companies, also for SMEs. If developed properly, they could play the shock absorber function that helped the American economy bounce back more quickly after crisis had struck. In a debate with ECO section members Jonathan Hill, Commissioner responsible for Financial Stability, Financial Services and Capital Markets Union, pointed out that he wanted to make sure that businesses can get the funding they need at every stage of their development. On a European Deposit Guarantee scheme, the Commissioner said that this would help cushion large regional shocks. The Commissioner thanked the EESC for the support provided in its recent EESC opinion and was in line with the demand of the EESC that risk sharing had to be accompanied by risk reduction measures.