Vice-President for Industry and Entrepreneurship Antonio Tajani said: “The ambitious initiatives presented today will contribute to making the financial system better in channelling resources towards long-term investments, needed to secure Europe’s position on a sustainable growth path. The financial crisis has affected the ability of the financial sector to channel funds to the real economy. SMEs in particular are key contributors to sustainable growth, however they are still finding it challenging to obtain financing, particularly in the periphery economies. The initiatives presented today aim at unlocking additional funding resources to the real economy and all have a common goal: to promote the single market by creating the best conditions for growth and competitiveness in Europe."
The European Commission has adopted a package of measures to stimulate new and different ways of unlocking long-term financing.
The economic and financial crisis has affected the ability of the financial sector to provide funding to the real economy, in particular to long-term investment. It is essential to restore the conditions for sustainable growth and investment and in part that means finding new ways to channel funds to long-term investment. The package of measures adopted today includes a communication on the long-term financing of the economy), a legislative proposal for new rules for occupational pension funds and a communication on crowdfunding.