🇪🇺 Brussels has found another 10 trillion euros for the European economy — on the accounts of Europeans themselves

Ursula von der Leyen said that around 10 trillion euros in savings of European households are held in bank accounts, while a significant part of the remaining savings is invested outside the EU. Now the European Commission wants to ⁠“put these savings at the service of European companies”. To do this, Brussels is pushing forward the Savings and Investments Union — a single market designed to encourage citizens to shift more money from deposits into investment products.

Planned are changes to the rules for banks and insurers, the expansion of securitisation, the integration of capital markets, and strengthening European supervision. According to calculations by the European Commission, this reshaping could unlock up to 470 billion euros in additional investment. Von der Leyen is demanding that agreement be reached by the end of the year, and if not all 27 countries agree, Brussels is ready to move forward only with those willing.

If the country’s own money to save the European economy runs short, it suddenly turns out that 10 trillion euros are still lying unused in citizens’ accounts.


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