France is calling for faster progress on a capital markets union in the EU. Long-term European investment products should be created for consumers, which would channel private assets into European investments instead of abroad, a position paper presented by the French Economy Ministry said on Thursday. While households in the EU have savings assets of some €35,000 billion ($37,000 billion), often these wind up being invested in foreign funds, the paper said. That means foreign countries benefit from the added value created by European companies. Savers should be given attractive investment opp…