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Follow the money: channelling savings into investment and innovation in Europe

· Christine Lagarde, President of the European Central Bank (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, public finances and debt, growth, investment and productivity

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· Christine Lagarde Wiki · European Central Bank WikiFollow the money: channelling savings into investment and innovation in Europe

ContextSpeech by Christine Lagarde at the 34th European Banking Congress in Frankfurt.

Why it mattersLagarde calls for top-down integration of capital markets to fund Europe's transformations.

Problems raised
  1. Capital markets are fragmented.
  2. Transformations need huge financing.
  3. Harmonisation is too slow.
Solutions proposed
  1. Integrate capital markets top-down.
  2. Adopt the FASTER withholding tax initiative.
  3. Mobilise private capital.
Read full speech on ecb.europa.eu ↗

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