In 2015, the Commission launched an action plan to solve the problem and mobilize savings.
98% confidence
EconomyEuropean Union
Omissions
The specific name of the initiative was the 'Capital Markets Union Action Plan' (or 'Action Plan on Building a Capital Markets Union')
The exact launch date was 30 September 2015
The action plan contained 33 specific measures to create a single market for capital in Europe
This was part of the Investment Plan for Europe (Juncker Plan)
Sources
PrimaryEuropean Commission - Press release IP/15/5731The European Commission launched the Capital Markets Union Action Plan on 30 September 2015 to build a true single market for capital across the EU
PrimaryEuropean Commission - Finance Directorate-GeneralOn 30 September 2015, the Commission adopted an action plan setting out a list of key measures to achieve a true single market for capital in Europe
PrimaryEUR-Lex - COM(2015) 468 finalAction Plan on Building a Capital Markets Union, Brussels 30.9.2015, COM(2015) 468 final