Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It is about jobs, how we can use people's savings to fund within Europe investment that can create more jobs and better income in future. That is the purpose of capital markets union. We have not made the progress on it in the EU in recent years that we had planned and wanted. I believe the kind of context the Deputy referred to will be cause for more ambition and energy in this area. It is about how we come up with new ways of funding jobs and investment and delivering better living standards in the future. That is the only thing that capital markets union is about.

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