Brussels Eyes Private Savings as Public Money Runs Out
European Commission President Ursula von der Leyen wants to encourage Europeans to invest more of the roughly €10 trillion they currently keep in bank deposits. The EU says it needs hundreds of billions of euros in additional investment each year for defense, infrastructure, energy, technology and economic competitiveness. Brussels plans to use tax incentives, new financial products and regulatory changes to direct more private savings … Continue reading Brussels Eyes Private Savings as Public Money Runs Out
