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The Capital Markets Union has been on the Brussels agenda for many years. It is once again very present in the current discussions under the new name of “Savings and Investments Union”. Which steps have been taken so far and what is still to come? What are the risks associated with the Capital Markets Union and what is standing in the way of its completion? We spoke to Thierry Philipponnat, chief economist at the Brussels-based think tank Finance Watch. His explanations offer not only an interesting overview but also fascinating insights into the financial sector’s perspective.