Calviño Blames Brexit for EU Capital Market Integration Failure 1 Decade On
Updated
Updated · Bloomberg · Jun 17
Calviño Blames Brexit for EU Capital Market Integration Failure 1 Decade On
2 articles · Updated · Bloomberg · Jun 17
Summary
Nadia Calviño said Brexit is partly to blame for the EU’s failure to integrate its capital markets, arguing the bloc lost cohesion when the UK left.
London’s role as Europe’s main financial market mattered, the European Investment Bank president said, because Brexit “divided our forces” instead of concentrating market activity inside the EU.
Her remarks underscore a broader EU struggle to build a unified capital market that can channel savings and investment more efficiently across member states.