Sourcing recovery finance in capital markets

A significant portion of the required financing for the relaunch of the real economy could, and actually should, come from capital markets. The Covid-19 pandemic may prove to be a reason to accelerate taking better advantage of existing capital markets instruments as well as designing new ones. Further to the European Council and the "Joint Roadmap for Recovery" conclusions, which refer to the significant role of the financial sector and to the importance of completing the capital markets union, conditions have matured in order to further explore investment tools for finance enterprises.

Such investment tools already exist at both the European and national level; some are incorporated into the Greek legal framework and are either already being used or can be further improved for better results. It is worth noting that the European legislation can define the general...