Mixed reviews for EU’s funding plan

A massive programme to unlock funding from private investors, crowd funding and insurance companies for business and infrastructure in the EU has received a mixed response.

The long-promised Capital Markets Union was outlined by Commissioner Jonathan Hill yesterday who promised to roll out dozens of initiatives over the next few years.

It would change the investment face of Europe that currently relies on raising debt from banks to fund businesses and infrastructure, and move it closer to the US model where most funding comes from capital markets.