Merz Advocates for Unified European Stock Exchange to Boost Competitiveness

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Merz Advocates for Unified European Stock Exchange to Boost Competitiveness
Photo: Ebrahim Noroozi/AP/TT

The German Federal Chancellor Friedrich Merz believes that the EU countries should have a common stock exchange.

This is to better be able to compete with the major exchanges in the USA and Asia, reports Bloomberg.

In a speech on Thursday in the German federal parliament in Berlin, Merz says that European companies need a "sufficiently broad and deep European capital market, so that they can more easily and quickly find financing".

According to the news agency, Merz is "frustrated" that some major companies instead choose to be listed in New York.

Merz refers, among other things, to the former ECB chief Mario Draghi's report from last year, which pointed out that Europe is falling behind in the competition.

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