This is the best summary I could come up with:

In 2015, former Commission president Jean-Claude Juncker announced his plans for a Capital Markets Union, presenting it as a tool to boost investment in the EU.

Whilst this means that it’s more difficult for companies to get their hands on capital in the first place, it also makes the EU’s financial system more vulnerable to shocks.

The CMU aims to increase investment in green bonds, where lenders give companies or governments money to spend on environmentally sustainable projects.

Those in favour of the CMU have equally emphasised the policy’s potential to improve EU defence funding, and to drive advances in AI technology.

Whilst influential member states such as France and Germany have shown support for the policy, a number of nations are wary about handing more control to Brussels.

As the US benefits from its sophisticated Inflation Reduction Act, a policy funnelling private investment into green technology, some fear that the EU must move or be left behind.

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