EU supergroup plans investment powerhouse

Finance ministers of the six largest European Union economies (France, Germany, Italy, the Netherlands, Poland and Spain) are scheduled to meet in Berlin on May 28 to announce an agreement for expediting cross-border flows of capital. For over a decade, the EU has failed to implement its Capital Markets Union concept for unifying Europe’s financial markets, creating a rival to Wall Street’s financial markets and debt financing, and providing European capital for European start-ups and scale-ups.