CMU is essentially about regulatory and non-regulatory actions to remove internal barriers to a Single Market for capital (including the harmonisation of key legal acts and policies related to financial products). Through developing and integrating the EU financial markets, CMU entails a strong potential to support growth and competitiveness in the long run.
On the other hand, the employment-to-population ratio for prime-age workers remains more than 1 percentage point below its pre-crisis level. If substantially more workers could be drawn into the labor force, it would be possible for the labor market to firm notably further without generating imbalances.