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Christine Lagarde’s departure puts Europe’s unfinished financial architecture in focus. Beyond monetary stability, the challenge is to connect savings, pension capital and public financing with markets capable of supporting European companies through growth, investment and credible exits.
Europe has a shared currency, but its financial markets remain fragmented. The Euro’s Next Chapter explores how deeper integration can connect savings with investment—and why infrastructure, stability and public trust matter.
Despite sharing a common currency, Europe’s capital markets remain fragmented across national legal and financial systems. This essay explores why the Capital Markets Union seeks to bridge those divisions—and why deeper financial integration has become essential for Europe’s future competitiveness.
