Proposals to stoke EU growth unveiled

Enabling pension funds to invest in the real economy and creating a securitisation market for SMEs are among the proposals unveiled by the European Commission to unlock long-term financing to stoke economic growth.

Other measures include developing European capital markets as well as raising awareness and facilitating the development of crowd-funding.

The Commission said that significant levels of long-term investment were needed to meet the funding requirements for Europe 2020 Strategy and the 2030 energy and climate package.