Europe

German Chancellor Calls for Pan-European Stock Exchange to Boost EU Competitiveness

Friedrich Merz said the EU needed a unified stock exchange to ensure that innovation and prosperity stay in Europe.
German Chancellor Calls for Pan-European Stock Exchange to Boost EU Competitiveness
A trader sits at his desk at the Frankfurt Stock exchange in Frankfurt am Main, Germany, on June 24, 2016. Thomas Lohnes/Getty Images
Evgenia Filimianova
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German Chancellor Friedrich Merz on Oct. 16 called for the creation of a pan-European stock exchange to boost growth and help European companies compete with their Asian and U.S. counterparts.

Addressing lawmakers in Berlin, Merz said Europe’s fragmented capital markets were holding back growth and innovation, warning that the bloc risked losing economic independence without major reforms.

Evgenia Filimianova
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.