EU finance chief says capital market reform benefits Germany too

April 17, 2015 10:33 AM

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LONDON, April 17 (Reuters) - Despite scepticism in Germany about a need for EU financial liberalisation, some innovative German entrepreneurs struggle to raise funds and would benefit from a more open, pan-EU capital market, EU finance commissioner Jonathan Hill said on Friday.

Asked in a Reuters interview where he saw resistance to his project to reduce national barriers and create a capital markets union, Hill said in countries with strong banking systems close to local businesses some questioned the need for his project.

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