Ten years in the making, yet still nowhere near the finish line. The EU's capital markets union project remains stuck in bureaucratic limbo, failing to convince its own citizens to keep their money close to home. Instead, capital keeps flowing across the Atlantic to American markets.

The frustration is palpable. With 27 member states unable to align on a unified framework, some countries are now taking matters into their own hands. Can you blame them? A decade of discussions, countless proposals, and what do they have to show for it? A fragmented system that pushes investors toward Wall Street.

The irony isn't lost on anyone: a union struggling to unite its own financial markets. While the bloc debates, savers vote with their wallets—and they're voting for US opportunities. Maybe it's time to ask whether this grand vision was ever realistic in the first place.