Germany and France Join Forces for European Champions with the FIVE Initiative

Stephan Leithner commented on this on LinkedIn as follows:

“L’union fait la force: Germany and France are joining forces for European Champions with the FIVE initiative!
Yesterday, the German and French finance ministers presented the results of the Franco-German initiative ‘Financing Innovative Ventures in Europe – FIVE’. Led by Jörg Kukies and Christian Noyer, the task force has developed key recommendations to foster the creation and growth of global champions in Europe.

The FIVE recommendations aim to create a robust growth capital ecosystem with efficient structures and harmonized legal frameworks to deepen liquidity on the capital markets, mobilize private investment in future technologies, and close the financing gap.

With its important focus on European scale-ups, the FIVE report complements other crucial SIU reports by Mario Draghi and Enrico Letta. In times of unprecedented transformation challenges, for digitalization, decarbonization, and defense, our common goal in Europe is to prevent the migration of innovation and talent out of Europe due to a lack of growth capital – and ultimately, to strengthen Europe's economic sovereignty and competitiveness in the global technology race.

As Deutsche Börse Group, we fully support this initiative, contributing our expertise as #CapitalMarketsEngineers and leading European capital markets infrastructure provider.

The presentation of the FIVE recommendations is an important step. Now it’s essential to implement them to build an innovative and competitive Europe. Let’s use this momentum and continue to join our forces – because we can only be successful together!”