EU finance ministers asked to set capital markets union priorities

April 20, 2015 3:30 PM

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LONDON, April 20 (Reuters) - Setting clear priorities would generate momentum for the European Union's "capital markets union" plan to lift growth, EU president Latvia has proposed.

The CMU project aims to increase the amount of funds raised by stock, bond and other markets for companies to grow. The 28-country bloc relies heavily on banks for funds, which has been difficult since the financial crisis as lenders focus on building up capital defences.

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