Smaller CMU Deal Possible If Broad Pact Stalls, Gentiloni Says
- Finance ministers to discuss closer capital-market cooperation
- EU has failed to make much progress in decade since start
Paolo Gentiloni, economy commissioner of the European Union.
Photographer: Simon Wohlfahrt/BloombergA smaller group of European Union members may need to go it alone on breaking down capital-market barriers should a bloc-wide solution remain elusive, according to EU economy chief Paolo Gentiloni.
“I am convinced that in the coming months with the new political cycle this will be a strong and deep priority,” he said, referring to the so-called capital markets union. “If consensus will not be reached, some member states will move forward together to find more advanced solutions.”