With the publication of the Communication on the Union of Savings and Investments, Brussels has set out a timeline of proposals to be launched in the coming months with the aim of building a more integrated European capital market.
According to Brussels, the Savings and Investments Union (SAU) should improve the way the EU financial system mobilizes citizens’ unused savings (estimated at around €10 billion) towards productive investments, offering greater financial opportunities both to individuals and (especially) to businesses.
The consultation launched by the European Executive is a crucial step to collect useful information for the implementation of the Union of Savings and Investments, one of the new Commission’s priorities as part of broader efforts to strengthen the competitiveness of the European economy.
