the article i read yesterday here said the opposite of what this article claims ...
what is ACTUALLY being proposed in the EU is to loosen capital and investment regulations to make private investment feasible, as well as lucrative because of newly proposed tax-advantaged private investment accounts ...
the problem is that current capital controls have provoked trillions of dollars to remain in low-interest savings accounts that the private owners as well as the banks in particular are not allowed to invest otherwise ... the idea is to make it desirable for both the savers and the banks to inject the cash into capital investments ...
I think both articles could be accurate. The EU is strangling business through their green energy and other regulations. No one wants to invest in EU-controlled companies. Europeans with foreign bank accounts can have investment accounts to invest almost anywhere. Pulling that money back and having EU managed domestic investment could be a way for the right hand of the EU to give a few more years of life to the domestic companies that they are strangling with their left hand.