Consequently, the European Commission has presented a wide range of suggestions and steps to be taken. Nevertheless, I firmly believe that Europe should embark on the path towards a capital markets union in order to enhance the stability and prosperity of its economy. 5.
Conclusion  Ladies and gentlemen George Washington is credited with having written, more than two centuries ago in a letter to a friend, that a United States of Europe would come into being. This is certainly a bold vision aiming at an encompassing political integration. In my speech today, I have taken a more modest approach and argued from an economic point of view.