EU
Mairead McGuinness: European economy vulnerable due to insufficient private investment
Irish EU commissioner told former ECB chief that EU capital markets are ‘too small, too fragmented and too inefficient’
The EU economy is at risk from a lack of sufficient private investment in areas like energy, tech and defence, Ireland’s EU commissioner has said.
In a letter to former European Central Bank chief Mario Draghi, Mairead McGuinness said the EU needs to act now to keep its lead on climate change and keep up with its competitors for new technologies.
She wrote that EU capital markets are “too small, too fragmented and too inefficient” ...
