Keegan Matheson on Blue Jays, Baseball Memories, and More | SaltWire #writer #torontobluejays #mlbPARIS - France is banking on a new push to integrate the European Union's fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of dominant U.S. venture capital, ministers, CEOs and investors said.
"A huge amount of wealth has been created over the past 20 years, created off the back of tech innovation, and the fact Europeans don't have access to that is a big issue," he said at the Viva Technology fair in Paris last week. The French government is therefore pushing for the next European Commission to make a priority of reviving long-stalled plans for EU capitals market union harmonising financial regulations and supervision across the 27-nation bloc.
"Mistral needs to raise money in the next six months, it's going to be a lot of money. So either we move ahead with capital markets union or else they will go somewhere else," Le Maire said at the Paris tech fair.