An idea to speed up the “Savings and Investments Union”
Today the Commission presented its communication on a “Savings and Investments Union”, which aims at leveraging Europe’s vast amount of private savings and inject it into the real economy.
Stéphanie Yon-Courtin (Renaissance, France), our coordinator for economic affairs, says: “Public money alone can no longer finance the digital and green transitions, European defence, or citizens’ pensions anymore. Europe must change course. The Savings and Investments Union is an excellent blueprint to mobilize private investments and stop our capital from bleeding out abroad. One proposal that really could make a difference is the creation of a European savings account.”
But under the Commission’s communication the real legislative…
