BRUSSELS, Sept. 24 (Xinhua) -- The European Commission on Thursday unveiled plans to expand the European Union's (EU) Capital Markets Union (CMU), with the top priority being the bloc's recovery from the unprecedented economic crisis caused by the coronavirus pandemic.
"The strength of our economic recovery will depend crucially on how well our capital markets function and whether people and businesses can access the investment opportunities and market financing they need," said Valdis Dombrovskis, the European Commission's executive vice president for an economy that works for the people, in a statement.