Latest Issue

The CMU is the ace up Theresa May’s Brexit sleeve

The Capital Markets Union is one of Juncker's main goals. But can this risky project even work without the City's involvement?

By Diane James  

The CMU is a risk—but can it even function without the city of London? Photo: PA

In 2015 the European Union launched the Capital Markets Union. Designed to strengthen the economic and financial security of the EU, it is one of Commission President Juncker’s main goals.

The CMU is designed to expand the market for borrowing money for businesses by increasing the number of lenders, and introduce less traditional methods of fundraising, such as crowdfunding.  Its clearly-stated aim is to make the EU financial system more robust.

In its…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to

More From Prospect