(MT Newswires) -- Christian Sewing, CEO of Deutsche Bank, stresses the need to invest in emerging technologies and sustainable practices to ensure Europe's competitiveness. He points to the over-reliance of German SMEs on bank loans, which account for 70% of their financing, in contrast to US companies. Sewing stresses the crucial role of education in communicating the importance of capital markets to Europe's prosperity. He sees the Capital Markets Union (CMU) not only as a support for traditional industries, but also as an opportunity to attract and finance innovative sectors. The UMC is a European Union initiative that aims to unify the capital market across its 27 Member States, enabling a freer and more efficient flow of investment.
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