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> The ultimate aim is to create a new truly European company structure. We call it EU Inc., with a single and simple set of rules that will apply seamlessly all
by cjs_ac 9mo ago
> The ultimate aim is to create a new truly European company structure. We call it EU Inc., with a single and simple set of rules that will apply seamlessly all over our Union. So that business can operate across Member States much more easily. Our entrepreneurs, the innovative companies, will be able to register a company in any Member State within 48 hours – fully online. They will enjoy the same capital regime all across the EU. Ultimately, we need a system where companies can do business and raise financing seamlessly across Europe – just as easily as in uniform markets like the US or China. If we get this right – and if we move fast enough – this will not only help EU companies grow. But it will attract investment from across the world.
> Which brings me to the second focus – investment and capital. We are now building the Savings and Investment Union. We need a large-scale, deep and liquid capital market that attracts a wide range of investors. This will allow businesses to find the funding they need – including equity – at lower cost here in Europe. We have made proposals on market integration and supervision to ensure our financial market is more integrated. This covers trading, post-trading, and asset management – as well as driving innovation and making our supervisory framework more efficient. This will help ensure that capital flows where it is needed – to scaleups, to SMEs, to innovation, to industry.
> Third priority: building an interconnected and affordable energy market – a true energy union. Energy is a chokepoint – for both companies and households. Just look at the dispersion of prices across European electricity hubs. Europe needs an energy blueprint that pulls together all the parts. This is our Affordable Energy Action Plan. For example, we are investing massively in our energy security and independence, with interconnectors and grids – this is for the homegrown energies that we are trying to promote as much as possible, nuclear and renewables. To bring down prices and cut dependencies. To put an end to price volatility, manipulation and supply shock. But we now need to speed up this transition. Because homegrown, reliable, resilient and cheaper energy will drive our economic growth, deliver for Europeans and secure our independence.
- techpression 9mo agoAs a Swede the third one is terrifying, unifying the energy market has been catastrophic for us, both price and environment wise. The latest is added taxes due to choke points designed by EU from the first place..
- causalscience 9mo agoWanna tell us more? Why has unifying the energy market been catastrophic for Sweden?
- techpression 9mo agoHaving to pay more because of Germany going fossil fuel like crazy. When there’s no wind and it’s dark they cause most of EU to suffer since the cost of their coal plants are so high. We also send a lot of green energy out of the country only to import coal powered from Denmark (not as major, mostly happens due to high consumptions) And we’re also getting a price spike fee, don’t dare to put on the dish washer when your neighbor is! All this in a country where electricity was almost free (to be fair, our dismantling of nuclear doesn’t help here)
- brabel 9mo agoSweden has plenty of cheap hydropower. But as prices are now tied to countries like Germany which made catastrophic decisions around energy, Swedes have to pay much more than if Sweden had an independent energy market.
- causalscience 9mo agoIn that case it sounds like "unification was bad" is an unfair characterization. Unification was bad by proxy, due to the bad decisions of Germany. If Germany had made better decisions, unification would've been good as Sweden would've had lower prices on a larger market.
- techpression 9mo ago”Bad or good by proxy” is how all policy plays out though, your ideas mean nothing if reality says otherwise. And Germany going coal was well known by time of unification (one might think it was because of that, tinfoil hat on).
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- mono442 9mo agoEnergy is expensive because burning fossil fuels is expensive due to taxes. A coal power plant pays around two times more for emissions than for the coal itself. They're trying to solve a problem which they have created themselves in the first place.
- embedding-shape 9mo agoSo you suggestion is to remove the taxes and go back to mostly using coal for power? Or what's the suggestion here? Because those taxes are there because of the pollution, so unless you have better way of getting rid of the pollution yet using coal for power, I'm not sure there is something better than trying to tax it away so other source can be focused by business and industry instead.
- mono442 9mo agoCapping the price of CO2 emissions at a more reasonable level like 10 - 20 euro/t CO2 just like it was 10 years ago could be a decent compromise.
- embedding-shape 9mo agoDecent compromise to what? The group who want to pollute the world because it's cheaper? Doesn't sound like a compromise many of us would want.
- mono442 9mo agoCountries outside European Union don't care about global warming anyway. It's a futile policy.
- embedding-shape 9mo agoSo? Countries outside of EU don't always care for human rights or other things we find important. That doesn't mean we shouldn't still aim for the values we stand for.