Posted on 03/13/2025 5:37:27 PM PDT by delta7
The European Commission estimates the total level of unused savings of EU citizens at 10 trillion Euros, and it intends to find ways to mobilise this money to finance its plans to militarise Europe and support the European military-industrial complex, according to a statement by European Commissioner for Financial Services and the Savings and Investment Union Maria Luís Albuquerque, distributed by the EC press service, TASS reports
A large part of Europeans’ savings lies in the form of deposits at very low interest rates (between 0.3 and 0.8 percent per annum) and even in the form of cash reserves. Mobilising even a small part of these resources will change the investment landscape in the EU,” the European Commissioner said.
“European Commission President Ursula von der Leyen’s announced plan to rearm Europe will rely heavily on attracting this private investment,” Ms. Albuquerque noted.
According to her, Europe’s problem is the gap between idle savings and enterprises in need of funds. Therefore, the EC intends to create a new scheme to mobilise owners’ funds for investment in EU industry, which will be implemented under an EU programme: the Investment and Savings Union.
According to von der Leyen, the European armament plan should attract 800bn Euros to the EU's military industry by 2029.
Why is that funny?
That money isn’t going to steal itself.
The unelected EU kleptocrats are on the job!
IBTG
Holy what happened to my retirement savings, Batman?
Bend over EU citizens of the world, you “dear leaders” are about to have you eating out of garbage cans at their mansions huddled in rags as they steal your retirements.
Will that finally be enough to make you stop voting socialist Marxist, Islamic ideologies.
I doubt it.
I’m unsure what it means to ‘mobilize unused savings’ of citizens. Is this some sort of plan to confiscate individual wealth?
Also, what is the credibility of this SB website?
Meanwhile back at the ranch these countries are losing within their own borders as the Middle East invasion continues. Britain too.
The EU leaders have solved the problem of the peasants "voting".
Check out Romania.
Looks like it’s more about setting up bonds or what not in the aforementioned savings and trust program. “Attracting investment” is specifically mentioned, not “seizing”.
However, if there aren’t enough volunteers, I’m sure they’ll raise the VAT.
It means Ursula has told dzem “you vill...”, so guess what.
Alex Christoforou and Alexander Mercouris of The Duran have been talking about this for quite some time.
I’m not sure what that means.
Uh, someone misspelled “serfs” I do believe. Ah, EUtopia. Need my money? Go right ahead.
Wow… the E.U. overlords have found yet another source of OTHER-PEOPLE’S-MONEY to commandeer. What could possibly go wrong!
If this is true, if the EU intends to confiscate individual wealth, that completely changes the playing field.
No longer can anyone trust any European government not to go full-on communist, and the USA would follow suit as soon as Trump is out of office.
Such a move would kill western economies to the point that only China will remain... if even them.
It would be nothing less than financial Armageddon, and global war always follows such financial events.
If this is true, get right with your maker, because it’s just about over.
Do the banks in Europe not lend out their deposits? Do the keep the money in the safe and just pay interest on it? To quote George Bailey:
No, but you . . . you . . . you're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Joe's house . . . (to one of the men) . . . right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can.The place to look is on the borrowing side. Whose businesses, whose houses and whose cars will not be funded in the European governments' new spending frenzy?
Ridiculous headline. There are 10T in low-interest savings among the 500M Euros and they want to find a way to tap some of that for defense spending. Sell higher returning bonds? They are very unlikely to capture nearly all of that 10T, however.
That’s called, “deficit spending”.
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