Deepen the EU single market, advance capital markets union
The SPD wants to expand the European single market because many German jobs depend on it. It includes the banking and capital markets union and digital infrastructure for cross-border services.
In the EU, companies can trade freely everywhere. This is called the single market. The SPD wants to make it stronger. Banks and money markets in Europe should grow closer together too. Many jobs in Germany depend on this.
The SPD welcomes the reports by Enrico Letta and Mario Draghi on Europe's competitiveness and wants to support the EU Commission in implementing them. A common capital market is meant to provide more private money for innovation and new technologies. EU state aid law is also to be modernized so that companies undergoing structural change can be supported.
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„Wir werden die Banken- und Kapitalmarktunion vorantreiben und das Umfeld für Innovationen und Zukunftstechnologien durch privates Kapital dauerhaft stärken.“Translation: We will advance the banking and capital markets union and permanently strengthen the environment for innovation and future technologies through private capital.
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- Europeleaning more EU
A deeper single market and completing the banking and capital markets union mean gradually more common EU rules.