Brussels Eyes Private Savings as Public Money Runs Out
15 Articles
15 Articles
The President of the European Commission denounces too little savings being mobilised to serve the continent's businesses, but bank deposits represent only part of the financial assets of European households.
European Commission President Ursula von der Leyen has called for EU residents’ bank deposits—totaling ten trillion euros—to be put to work for the EU economy
She labeled Europeans’ savings “lazy,” gave member states four months to agree, and warned that those who refuse would be left out.Notably, this is precisely how the West tried to stoke banking panic in Russia—through threats...
The project of the Union of Savings and Investments, relaunched by Ursula von der Leyen at the Rencontre des Entrepreneurs de France in Paris, returns to point the spotlight on a huge amount: about 10 trillion euros, now stationary on the current accounts of European families. For the President of the Commission, this mass of unused capital [...] The post Save Europeans in sight: von der Leyen wants to cartograph them and monitor them are appear…
Chris Apostolidis The European Commission is discussing new financial mechanisms to mobilise private deposits in the eurozone. According to analyses, in the form of “Capital Union” reforms, Brussels is looking for a way to redirect household liquidity to the military sector and slowing European industry. Read more about prepared changes and the risks [...] The post Brussels turns its attention to 10 trillion euros of private savings in European …
European Commission President Ursula von der Leyen is openly talking about Europe’s household savings as capital to be put to work for EU companies and political projects. In a speech in Paris, she pointed to around €10 trillion in bank deposits as a resource for the Union’s economy. The statement was made on 27 August at the annual conference of the French employers’ organisation MEDEF. Von der Leyen said that European companies lack the capita…
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