German chancellor Friedrich Merz recently advocated for the creation of a single European stock exchange, stressing that fragmentation along national lines is still hindering investment in the EU.
While such a proposal isn’t new, financial consolidation is becoming all the more urgent, at least according to former commissioner Lord Jonathan Hill.
As old alliances shift, “the urgency of the need to change has clearly become greater,” said Hill. The British politician, a former EU commissioner for the Capital Markets Union, spoke to The Big Question about Europe’s competitiveness on the global stage.
“The geopolitical changes are like a big alarm bell goi
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