ALFI response to Green Paper on Long Term Financing of the European Economy

26 June 2013 | Statements and Position Papers  

On 25 June 2013, ALFI responded to the Commission green paper on long term financing of the European economy.

To fund long-term investments, in line with the priorities set in the Europe 2020 strategy, governments and businesses of all sizes need access to predictable, long-term financing. The capacity of the economy to make such long-term financing available depends on the ability of the financial system to channel the savings of governments, corporates and households effectively and efficiently to the right users and uses through open and competitive markets. This can be carried out by various intermediaries (e.g. banks, insurers and pension funds) and by direct access to capital markets. The green paper focuses on how this process operates. As a prerequisite to channeling long-term financing at reasonable cost, the economy needs to generate and attract savings. Government policies can support this through sound fiscal policies, efficient tax systems and a business-friendly environment that fosters the attractiveness of the economy for investment, including from abroad.

Click here for ALFI’s response.