Endorsement comes after Berlin signals readiness to allow more centralised markets supervision
Ideally located in Germany, subject to German law and regulation, German taxes, and German national security interests, right?
Probably yes, though to be fair European legislation has changed so much already that quite a few areas of the law have little national legislation left.
Having a unified financial market makes sense, but having multiple stock exchanges is also a good idea. The US has New York and NASDAQ. Currently the EU has Euronext, DAX and NASDAQ Nordic and Baltic.
And Paris, and Vienna and Budapest and … (link)
Maybe some consolidation wouldn’t be a bad idea, but given how the markets are at the moment I would expect a significant crash is needed before anyone would give up their exchange.
There are already some large players and it is pretty likely that they just buy out smaller exchanges and then integrate them into a larger multinational one. Euronext is already quite far along in that process.
um, you REALLY might want to have 4, not 1, for redundancy, given how Russia’s going to be waging WAR against the EU as soon as Trump guts NATO, you know?
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But then how will he manipulate the market like Trump does.
He is not the smartest, but this is one of his dumber ideas.
Why? Most stock exchanges are managed by Euronext anyways and having a single center of exchange improves liquidity and availability of assets
And helps concentrating the wealth even more. Exactly what Europe does NOT need.
I agree that concentrating wealth sucks but won’t be a unified stock exchange to make things worse
I have no expertise and opinion about that.
I just know from extrapolating, that if Merz wants it, it is probably a bad idea for everyone ¯\_(ツ)_/¯
Kann der spast auch mal die fresse halten
Original article: https://www.ft.com/content/040f4829-e2b2-4324-9162-436739a04842
That’s a great idea. Maybe that exchange could then set the prices for the shares daily so that everybody can profit from fair prices. We should also create a European center of competence for strategic investments. That center could calculate the best opportunities for companies and help them make the best investment decisions and help them allocating their work force.
This is madness. If we believe in markets then we should have competing exchanges.
There’s an argument for competition and an argument for streamlining the purpose of exchanges, to make easy exchange possible. A trans European exchange linked with the individual exchanges wouldn’t be a bad idea. But most of the benefits are already present in trading platforms that are seperate, already, as digital cooperation has increased.
