Finance Minister calls for regional bourses for the EU

Deputy Finance Minister Igor Chalupec stated that the EU would find it sufficient to have only one electronic market designated for large issuers, as well as regional bourses, which could list SME stocks. He believes that the Warsaw Stock Exchange (WSE) could play the role of a regional market, while some nations will have to consider whether they really need their own bourses. Chalupec goes on to say that Europe's economy will develop much slower than in the USA and Asia, which "will have an impact on the capital markets." This means less jobs for brokers, bankers and other related financial intermediaries, according to Chalupec. He also stated that the EU economy will have a 10% share in global GDP creation in 30 years, as "Europe has become a source of foreign capital, as it is not creating beneficial conditions for investment." (Parkiet, p. 6) M.M.