Investment remains at a very low level, and this is not only due to delays in financing the Public Investment Programme or the lack of bank lending, but also to the fact that the investment climate in the country is still perceived as unfriendly to private investment.
Equity markets are particularly well-suited for mobilising and directing financing towards riskier and more innovative projects.4 In parallel to the ambitious implementation of the European Commission’s capital markets union action plan, we need to make urgent progress on the EU’s sustainable finance agenda to build a green capital markets union.