With the plans to merge with NYSE Euronext having come to nothing, Deutsche Börse now needs to focus on growing organically. But I believe that the conditions are favourable for achieving growth under your own steam, and that Deutsche Börse is well positioned in the marketplace. Deutsche Börse is of central importance to Germany as a financial location.
This will also help limit the risk of growing asymmetries among euro area countries in the recovery from the COVID-19 shock. Second, CMU would improve and diversify funding conditions, creating prospects for jobs and growth, including for a more sustainable and digitalised economy.