says the bank is ready to start cutting rates. musicians cope with stage fright. welcome to business today, i m mark lobel. is on the second day of a state visit. he s there to meet chancellor olaf scholz for talks aimed with the us and china. the two european heavyweights want to advance plans for an eu capital markets union. that s to get investments and savings flowing across member states. however negotiations have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so called single market for capital to becoming a reality? let s get the thoughts of vim mice. he s ceo of the european banking federation in brussels. this, like many things in europe, it doesn t come with a big bang. it is usually part by part by part going forward. but it is so important that there is talk. it s not only the talk of macron and schulz, there are several high level reports that really want to make this real. what s
heavyweights will be talking about plans for an eu capital markets union, in order to get investments and savings flowing across member states. however negotiations over these plans have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so called single market for capital to becoming a reality? here s vim mice, ceo of the european banking federation in brussels with his thoughts. this, like many things in europe, it doesn t come with a big bang. it is usually part by part by part going forward. but it is so important that there is talk. it s not only the talk of macron and schulz, it is also the eurogroup who has been talking about it. there are several high level reports that really want to make this real. what s so important is that we really get a move on and the practical side, because we ve done all the analysis, we ve done all the regulation, and now we need to move onward. as everybody sees