For many the link between Capital Market Union and SME finance is a cynical ploy to sell financial markets to the citizens of the EU. In this paper we explore the relationship between the SME finance and European integration to illustrate a central structural relationship in the EU. Since the late 1960s significant volumes of capital controlled by the European institutions has been directed to SMEs through financial institutions. While this supported credit supply in peripheral economies it has also demonstrated the close relationship between financial institutions and the EU. In this context the CMU agenda describes a long-standing relationship between finance and enterprise that now supersedes the capital labour relationships traditionally associated with European capitalisms. In this context CMUs focus on SME securitization, and its reintroduction of subprime, private placements, and the unfair advantage this offers large investors, and the predatory private equity industry that dominates venture capitalism is a terrifying insight into the future of capitalism in Europe.
“Trade doesn’t work in isolation from good domestic policies” Interview to Arancha González
by Borderlex 19/09/2023
Interview to Arancha González, former Spanish foreign minister, who released together with FEPS the new book entitled 'The Trade Handbook: Making Trade Work for Prosperity, People and Planet'
A szociális unió imperatívusza
by Új Egyenlőség 09/09/2023
'The imperative of Social Union'. Article about FEPS book 'Europe’s Social Integration: Welfare Models and Economic Transformations' by László Andor.
Após 66 anos de adiamentos, a barragem do Pisão entrou em contra-relógio
by Pùblico 19/08/2023
'After 66 years of postponements, the Pisão dam has entered a race against time' Pùblico's article mentions FEPS Policy Study 'Governing the RRF'
Ukrainian economy and society: whither the (postwar) country?
by Commons 16/06/2023
In Commons' article, Yuliya Yurchenko, co-author of FEPS’ book 'Europe and the war in Ukraine', outlines the consequences of the Russian invasion of Ukraine for the Ukrainian population and the plans needed for Ukraine's recovery.
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