00:00I efforts to put in place a single market for capital started with the Treaty of Rome, maybe 65 years
00:08ago.
00:09We have made a lot of progress since then, but we are not there yet.
00:15And in today's global context, where so much is uncertain, where some EU countries are being cut off from energy
00:25supplies,
00:25where the prices of commodities and raw materials keep going up in this context,
00:33we can't afford not to do everything we can to strengthen our financial markets and our economy.
00:42I believe that the current challenges we are facing unite us even more,
00:48and they are also an opportunity to further develop European capital markets,
00:53because capital markets can be agile and have the capacity to adapt quickly to a changing environment.
01:03And we will need this quick adaptation a lot in the coming years.
01:09So let's take this opportunity.
01:12We need the Capital Markets Union now for our economy and for our people.
01:17We need the Capital Markets Union now for our economy and for our people.
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