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McKinsey notes that European private capital is half the size of the U.S. and must play a key role in boosting competitiveness, by driving innovation, scaling firms, and mobilizing the investment needed to close the gap with other regions.
According to the IMF, the bank tax should be discontinued at the end of its three-year term and could be replaced by harmonizing VAT rates, strengthening green taxation and more efficient public spending.
@BusinessEurope: The EU should strengthen and complete the Capital Markets and Banking Union to improve access to finance for companies, develop risk-capital and attract more investments.
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