Europe's six largest economies have agreed to back more centralized supervision of capital markets. This move is crucial for integrating Europe's financial markets. The goal is to redirect citizens' savings into productive investments. This will boost Europe's global competitiveness against the United States and China.

The EU's six largest economies demand bloc-wide capital markets integration by summer 2026, pushing for centralized oversight and digital euro development.

The ministers of Germany, France, Italy, Poland, Spain and the Netherlands are meeting in Berlin on Thursday to discuss how to advance the capital markets union.