German Chancellor Olaf Scholz insists on progress in the Capital Markets Union. The aim is to mobilize enough private capital to finance the transformation to climate neutrality. „In the USA, where there is a huge capital market, this is succeeding. The EU urgently needs to catch up here,“ demanded Scholz in his speech at the Europe 2024 conference organized by Handelsblatt, Tagesspiegel, Wirtschaftswoche and Zeit in Berlin.