New EU 'passport' to make investment in small companies easier

New legislation will introduce an EU 'passport' for venture capital funds that invest in small businesses that makes it easier to operate in each EU country.

Michel Barnier, the European commissioner in charge of financial regulation, called on investors to "seize the new opportunities as a matter of urgency".
His remarks underscore the sense of alarm among political leaders as the euro zone remains in economic recession, in the face of falling investment and slack consumer spending.

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