Endorsement comes after Berlin signals readiness to allow more centralised markets supervision
I have no expertise and opinion about that.
I just know from extrapolating, that if Merz wants it, it is probably a bad idea for everyone ¯\_(ツ)_/¯
Having a unified financial market makes sense, but having multiple stock exchanges is also a good idea. The US has New York and NASDAQ. Currently the EU has Euronext, DAX and NASDAQ Nordic and Baltic.
um, you REALLY might want to have 4, not 1, for redundancy, given how Russia’s going to be waging WAR against the EU as soon as Trump guts NATO, you know?
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He is not the smartest, but this is one of his dumber ideas.
Why? Most stock exchanges are managed by Euronext anyways and having a single center of exchange improves liquidity and availability of assets
And helps concentrating the wealth even more. Exactly what Europe does NOT need.
I agree that concentrating wealth sucks but won’t be a unified stock exchange to make things worse
That’s a great idea. Maybe that exchange could then set the prices for the shares daily so that everybody can profit from fair prices. We should also create a European center of competence for strategic investments. That center could calculate the best opportunities for companies and help them make the best investment decisions and help them allocating their work force.
This is madness. If we believe in markets then we should have competing exchanges.
Original article: https://www.ft.com/content/040f4829-e2b2-4324-9162-436739a04842
