Proposal for Skopje Spring Congress 2020
|LYMEC Spring Congress, April 3 to 5, 2020 in Skopje
Author: Momentum TizenX
Status: [ ] accepted [ ] rejected [ ] transferred to: ___________________________
The Skopje Spring Congress 2020 may decide:
1European Capital Markets Union
5to their financing costs, terms and possibilities, with Greek companies commonly
6borrowing at 2-3% higher interest rates than their comparable German counterparts.
7the differences in the cost of credit are a cause for concern, since they prevent various
8actors of the European economy from enjoying a level playing field.
- 4European firms and individuals still face considerable degrees of inequality when it comes
10financing have been hit the hardest by the last recession, further demonstrating the need
11for more diversified sources of funding.
12Europe’s fragmented equity markets prevent companies (especially
13collateral-constrained startups) and their potential investors from collaborating in an
14efficient manner, with countless business projects failing to gain momentum as a
16lack of legal harmonisation of financial regulation hinders the possibility of cross-border
17investment and risk-sharing.
18the profound divisions between national capital markets tend to make individual countries
19more exposed to local economic shocks, with consumption dropping dramatically as a
21as Brexit unfolds, the loss of the British liquid capital market raises the urgency of the
- 9there is significant evidence to suggest that countries most prone to bank-dominated
23LYMEC calls for:
25the lowering of legal barriers for non-EU investments making their way into the continent.
26the European Commission to pursue policies that allow for a reduction of the dependence
27on bank-funding and a diversification of the sources of capital available to SMEs.
28following the example of Germany, France and the Netherlands in their practice of legal
29harmonisation of the capital markets on an EU-wide level.
30The implementation of a centralized mechanism that allows for the improvement of
31insolvency practices in order to decrease interest costs by a significant margin.
- 24the creation of a cohesive framework for capital market integration across the continent
Attention: This is a preview! The official text is printed in the proposal book for Skopje Spring Congress 2020 03 - 05 April 2020.