A Collective Path to a Stronger European Capital Market

Stephan Leithner shares Deutsche Börse Group’s deep conviction that Europe must take decisive steps forward now, together. As the leading European provider of financial market infrastructure, Deutsche Börse Group is ready to lead the transformation of the markets, but success requires a collective action plan to translate political intent into concrete outcomes. In guest editorials published in the Frankfurter Allgemeine Zeitung and Les Echos, Stephan Leithner shares Deutsche Börse Group’s deep conviction that Europe must take decisive steps forward now, together.

Europe is at a historic crossroads. The European Union and its heads of state and government have a rare opportunity to take clear and decisive steps toward a unified and resilient capital market that serves the interests of all citizens. Unlocking this potential requires determination, coordination, and a willingness to move beyond declarations toward effective implementation.

Focus on Implementation Across Europe

A strong European capital market will not emerge from vision alone. It depends on a relentless focus on implementation at both the European and national levels. Political framework setting must be combined with coordinated private and public initiatives to ensure that strategic intent translates into measurable progress. Fragmented efforts and incremental adjustments are no longer sufficient for the scale of transformation required.

The need for action has been articulated clearly in recent guest editorials published in Frankfurter Allgemeine Zeitung and Les Echos. These contributions highlight the urgency of seizing the current momentum and underscore the responsibility of policymakers and market participants to act decisively. The objective is clear: to build a unified and strong European capital market that enhances economic resilience, competitiveness, and opportunity across the continent.

Leading the Transformation Together

Deutsche Börse Group stands ready to play a leading role in this transformation by contributing its expertise as a pan-European market infrastructure provider. However, lasting success depends on collective commitment. Only through aligned action by European institutions, national governments, and private stakeholders can political ambition be converted into tangible results.

Now is the time to move forward, hand in hand, and deliver the structural progress Europe’s capital markets need to support sustainable growth and long-term prosperity.