Ireland believes it can secure a deal to deepen Europe’s capital markets by the year-end, Taoiseach Micheál Martin has told the FT, overcoming decade-old EU divisions in an attempt to mobilise trillions of euros in savings into productive investments.
The so-called savings and investment union has been pitched as a groundbreaking overhaul to integrate the EU’s 27 national capital markets so Europe can try to bridge the yawning investment gap with the US and China.
Martin said there was already “about 80 per cent agreement” on a plan led by the EU’s six largest economies and that EU countries “can get to a landing zone” by the year-end. Dublin will take control of the EU’s rotating presidency for the second half of 2026.
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