ItalyThe European Union has significant private savings but fails to convert them into investments that drive growth, according to Chiara Mosca, deputy president of Italy’s financial regulator Consob. This results in a small capital market that cannot support innovation, while the United States continues to attract major technology listings. Mosca highlighted that the ratio of aggregate market capitalization to GDP in the EU was 75% as of May 2026, compared to 247% in the US. European initial public offerings (IPOs) have raised less than $100 million in most cases over the past decade, unlike China and the US, where larger IPOs are more common. Venture capital and private equity fund only 8.4% of European IPOs, versus 20% in the US and China. As a result, Europe struggles to retain and finance its innovative companies. In Italy, the Milan stock exchange saw a 31.5% increase in its main index in 2025, reaching a historic high in the first half of 2026, but the number of listed companies has dropped by 20% over the last decade, with 100 firms delisted in the past 20 years.
Bias read (Center): The article presents data and statements from a regulatory authority (Consob) regarding economic challenges within the EU and Italy. It does not exhibit overtly biased language, nor does it favor one political side over another. The focus is on economic performance and structural issues rather than抨
