QOTD -- Crowdfunding
European policymakers took TWO major steps today designed to accelerate the availability of, and funding for, firms. Media reports today are filled with the clearly historic decision regarding the Recovery Fund. We will analyze that for our PolicyScope Risk Monitor subscribers later today.
Less noticed, but no less important, is the Council's agreement (finally) on rules designed to increase access to crowdfunding in Europe:
The next step is approval by the European Parliament.
Given the long road for ratification and implementation, it is possible that quick implementation of this Crowdfunding Regulation may unlock access to private sector capital long before official sector funding starts flowing from the newly minted European Recovery Fund.
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