This is the goal of the Communication on the Union of Savings and Investments, presented today in Brussels. Not a legislative act, but a timeline of proposals to be launched in the coming months, involving tax incentives and a closer interplay with European funds.
The document presented today by the President of the European Commission, Ursula von der Leyen, is a concise document, about twenty pages long, outlining the path Brussels intends to follow to build the Union of Savings and Investments that has been discussed for some time but has so far remained elusive.
Divided into four strands (Citizens and Savings; Investments and Financing; Integration and Scale; Efficient Supervision in the Single Market), the communication reviews the legislative and non-legislative tools that the Commission will launch in the coming months.
