The European Commission announced last September 30th two major initiatives to advance the Savings and Investments Union and deliver tangible benefits for all EU citizens. The comprehensive package focuses on improving financial literacy for all and at all life stages and introduces a blueprint for Savings and Investment Accounts (SIAs) – a tool aimed at making […]
Savings and investments union: better financial opportunities for EU citizens and businesses
The Commission has adopted a new strategy to channel savings into productive investments. It seeks to increase EU citizens’ participation in capital markets with broader investment options and improved financial literacy, fostering their wealth and boosting the EU economy. About 70% of household savings in the EU – worth €10 trillion – are held as bank deposits. They are safe and […]