Von der Leyen: €300 billion in European savings flown overseas every year, primarily to the US, will be invested in Europe from now on. All 27 EU states agreed to establish the S&I Union, a step toward the full Capital Market Union

[u/paneuropeanism_]

https://streamable.com/4h43qk

[u/krikke_d]

every little country having their own stock market with their own rules, fees and dominant players... none of them even close to competing with US markets in size or influence...

[u/AllPintsNorth → u/krikke_d]

Just like most aspects with the EU - every country agrees that things should be unified, but that everyone else should change and do it their way.

[u/serpenta → u/AllPintsNorth]

And everyone eventually going with Germany or France, because the cost of unification will be lower than the benefits. We might just get on with it, and skip the usual lolly gagging in the middle.

[u/Sea_Warning_9140 → u/serpenta]

UK would have been perfect with London financial services, lol

[u/Winterlichkeit → u/serpenta]

Could you explain your point? The cost of unification will be lower than the benefits?

[u/serpenta → u/Winterlichkeit]

I meant regulatory changes that will become cost to companies. Either one time cost or a new fixed cost.

[u/hvranic → u/krikke_d]

So EU countries are like Linux distros, while US is like Microsoft?

[u/Preisschild → u/hvranic]

Many modern Linux distros are very similar and highly compatible with each other thanks to stuff like freedesktop sdk / flatpak / systemd / linux uapi group

[u/flobin → u/krikke_d]

Don’t we have Euronext, which operates stock markets in France, the Netherlands, Belgium, Italy, Greece, Ireland and Portugal?

[u/Sea_Produce_4801 → u/krikke_d]

Or Manipulation

[u/MelangeBot → u/krikke_d]

Why not put a tarrif on Europeans if they want to invest in the US?