Community Research and Development Information Service - CORDIS


The Luxembourg European Council on Employment (20/21 November 1997) acknowledged, in paragraph 30, "the importance of the role that large pan-European risk-capital markets can play in job creation and asks the Commission to report to the June 1998 European Council on barriers to the development of such markets in the Union".

This document is a first response to this mandate. It sets out the main arguments why developing a full range of risk capital markets in the European Union is vital for future job creation. In Section 1 it compares, in summary form, the EU's performance vis-à-vis the United States, and underlines in Section 2 the main barriers that are preventing a much wider use of these financing instruments in the EU. In Section 3 some preliminary ideas are forwarded for the contents of an Action Plan to be agreed eventually by the Council and the European Parliament to deal with the main barriers.

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Record Number: 1064 / Last updated on: 1998-05-19
Category: MISC