EU plans to channel €10 trillion of citizens' savings into investments

Von der Leyen: “Families will have more opportunities to invest to increase their wealth, companies will have easier access to capital.” Tax incentives and strengthening of pension funds are planned

The Commission estimates that 10 trillion euros remain parked in current accounts in the EU. A part of the money, estimated at 300 billion a year...

In the future, more citizens will invest their money instead of leaving it on the savings book. A strategy is to be adopted by the end of September. For example, new rules are planned for more savings and investment accounts in the EU countries.In some countries, such easy-to-use and digitally accessible accounts already exist, the EU Commission announced on Wednesday. These are, for example, low taxes and little to no supplier exchange costs.At…

EU plans to channel €10 trillion of citizens' savings into investments

The European Commission wants to boost Europe's economy by redirecting the savings of citizens across the EU towards investment to stay competitive on the global stage.

On Wednesday, the European Commission will present a strategy to make money roll more in the European Union. Companies that want to grow and innovate should thus have easier access to finance.

EU aims to make investing easier for citizens and businesses: Know more - Silicon Canals

The European Commission has unveiled its new Savings and Investments Union strategy, aimed at strengthening the EU‘s financial system by effectively channelling savings into productive investments. This initiative aims to optimise financial resources within the union and promote economic growth across member states. This will create more diverse opportunities for individuals and businesses, particularly sustainable ones. Ursula von der Leyen, Pr…