Press Release: The Commission reviews strategy and calls for actions to stimulate development of risk capital in Europe

In a Communication to the Council the Commission argues that more needs to be done to create an environment favourable to creating and sustaining new and innovative businesses in Europe. Member States are asked to act in three priority areas: (i) the easing of quantitative constraints on institutional investment in equity capital; (ii) the softening of bankruptcy laws to allow failed entrepreneurs a second chance (while affording adequate protection of creditors' rights); and (iii) the development of a fiscal framework more conducive to investment and entrepreneurship.

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