EU Policy & Law
EU Body: Cut Barriers to Boost Business Competitiveness
The European Economic and Social Committee (EESC) has adopted an opinion calling for the removal of barriers that hinder businesses' access to capital. The EESC argues that simplifying regulations and deepening the Capital Markets Union are crucial for boosting EU competitiveness on the global stage. The opinion highlights the need for more diverse funding sources for small and medium-sized enterprises (SMEs) to foster innovation and growth. These recommendations will now feed into ongoing policy discussions between the EU institutions.
An EU advisory body says making it easier for businesses to get funding is key to Europe's future.