
EU Friday – 17 May
Welcome to Better Europe's weekly update on EU Affairs. EUROGROUP MINISTERS ADOPT ROADMAP WITH STEPS TO DECIDE ON FUTURE OF CMU Eurogroup Finance Ministers this week presented their “first step towards delivery” of the future of the Capital Markets Union package, endorsing a one page high-level roadmap with six steps to be taken in the coming year. By focusing on the timing of key steps in the process, the statement tries to cover up the cracks in between Member States, with some calling for faster integration and the introduction of unified European-level supervision for the largest financial markets players, while others are pulling the emergency break. French President Emmanuel Macron and outgoing European Commissioner for Economy Paolo Gentiloni are clearly in the first group, using public statements to warn that…