On January 28, 2015, the European Commission stated in a press release that it had launched plans to establish a Capital Markets Union ("CMU") by holding an orientation debate at the College of Commissioners. The establishment of the single market for all 28 EU member states will aim to lower the costs of funding within the EU, remove barriers to cross-border investment and increase sources of funding for businesses. In a separate press release dated January 30, 2015, the European Commission stated that a consultation on the CMU will be launched on February 18, 2015, and that a plan of action will be released during the third quarter of 2015.
The press releases are available at:
http://europa.eu/rapid/press-release_IP-15-3800_en.pdf and
http://europa.eu/rapid/press-release_AGENDA-15-3941_en.pdf.
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