EU President Von der Leyen Calls Savings ‘Lazy’ and Wants Them Put at Risk

TRANSCRIPT:

VON DER LEYEN: “Savings, unfortunately, are lazy. 10 trillion euros of household savings remain in bank deposits, and a significant portion of European savings is invested outside our continent. Europe must now put these savings at the service of these companies. And that is the goal of the Savings and Investment Union. We have put forward proposals on securitization on investments by banks and insurance companies, on the integration of our markets, their operation, and their supervision. Together, they can unlock up to 470 billion euros of additional investment.”