Europe, like every other continent on the planet, is looking guardedly toward recovering from the deleterious effects of COVID-19 and the lockdown that has paralyzed economies, leading to severe recession. Governments and banks do have roles to play but cannot be expected to shoulder the entire burden of supporting especially affected businesses. How can capital markets contribute to navigating what is guaranteed to be a bumpy road back to “normal”
Capital Markets Union (CMU)
Little will be affected as much by the ageing of the world’s population as pensions. In Europe, the ratio of workers to pensioners has decreased and in 40 years will be roughly two to one rather than the much healthier four to one of the recent past. Many wonder from where the pension funds will come, and they should. The solution may lie in the new Pan-European Personal Pension Product.