On 19 March, the European Commission (“EC”) announced a strategy called the Savings and Investments Union (“SIU”) to channel €10 trillion of citizens’ savings from across the bloc into “strategic investments,” aiming to boost Europe’s economy and competitiveness on the global stage. It is said that the EC wants to establish the SIU to create a single market for financing in the European Union (“EU”), with no internal national borders. The initiative is an extension of the Capital Markets Union (“CMU”) and seeks to harmonise European legislation and promote trans-European investment, focusing on leveraging Europe’s vast private savings to support broader objectives such as “helping people save more effectively, fostering capital for innovation, unlocking digital finance, ensuring the competitiveness of the financial sector, and harnessing sustainable finance,” according to Impact Europe.
Author: Rhoda Wilson
Published at: 2025-04-09 22:30:42
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