The European Commission is making a fresh push for integration of EU capital markets

The FT reports that the European Commission is hoping to revive the idea of a capital markets union, aiming to unlock investment in Europe via the huge pool of savers in Europe. One idea is favorable tax treatment.

I wonder if we’re headed for protectionism in capital markets. At the moment, money is mostly free to flow into the US but in a trade war, countries could bias tax systems to invest locally.

This article was written by Adam Button at www.forexlive.com.