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Posted on 09/01/2026 8:28:55 AM PDT by yesthatjallen
Ursula von der Leyen has put a figure on Europe’s financial problem: €10 trillion.
Last week, speaking to French business leaders gathered by Medef (Mouvement des entreprises de France—France’s leading employers’ organisation) in Paris, the Commission president lamented that such a large share of European household savings remains in bank deposits. “Unfortunately, these savings are lazy,” she said, before arguing that Europe needs to put that money “at the service of its companies.”
For now, there is no plan to confiscate deposits or withdraw money from individual bank accounts. Brussels’ proposal is different and, precisely for that reason, more politically significant: to use tax incentives, new financial products, regulatory changes, and more integrated supervision to push a greater share of private savings towards European capital markets.
This is the so-called Savings and Investments Union, presented in March 2025. The Commission estimates that around 70% of EU household savings, roughly €10 trillion, remains in bank deposits. The measures under consideration include investment accounts with tax advantages, changes to securitisation rules and regulations intended to facilitate greater participation by banks, insurers and funds.
SNIP
(Excerpt) Read more at europeanconservative.com ...
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First, the Bad News: They've run out of Other People's Money.
Next, the Good News: For now, there is no plan to confiscate deposits or withdraw money from individual bank accounts.
Additional Bad News will be coming shortly. Can you guess what it is?
The wolves in Brussels are showing their marxist teeth.
This is Europe, but the Democrats have been eyeing stealing your 401k and IRAs in the name of “fairness” because democrat voters don’t save for the future.
The 47.6 trillion in those accounts is just too tempting for the Democrats not to steal.
Coming to a country near you
Actually, this is great for the American stock market. Where does Ursela think all that money will go when the rules change? Into bad European investments? Probably just a small percentage. The American market will soar. Thank you, Ursela.
When you save money, it is invested. The bank lends it out to the market for individuals to invest in the economy. That was the situation with local banks, they invested in the community.
The issue here is that the bank decides where to invest the money, not the market place.
What’s wrong with savings in banks? They just lend the money out to creditworthy businesses and individuals, efficiently recirculating it through the economy.
What does this proposed program do that is better than the economically efficient investing banks engage in? Isn’t this government power grab just going to drive the economy down?
Europe is a nice place to visit, but I sure as heck wouldn’t want to live there.
Great way to announce bank runs.
Politician: Say, what is a good way to cause a run on banks?
People: Tell us our bank deposits are lazy and those funds should be taken by the government and put to work.
The democrats in the U.S. will call it a 10% public contribution tax and that will be it. The 16th amendment specifically limits congress to income tax, not savings.
Somewhere Mamdani and other DSA rats are getting excited over this notion and how they could implement it here in the US.
Coming soon a to a country near you!! I do believe they passed legislation under Obummer givinjg them the right to seize retirement accounts in an “emergency”
The best pro-investment actions are marginal capital and income tax reductions.
End of Story.
Will they reduce taxes to encourage investment?
I didn’t think so…
The nazis had similar objections to ‘lazy’ people and their property.
Warmed over policies will not fix the EU's underlying spending, regulatory and misallocation of resources problems. As the article so aptly notes the real issue here is that Brussels wants to influence where private money goes and that's not going to improve the efficiency of their capital markets.
As long as the new slogan for the EU is Arbeit Mach Frei things should be fine.
So now anyone with anything, rich, middle or poor, has to give up their savings to fuel the co-op? This should be taken serious as the US is heading that way with the interaction of socialist, marxist, and false elite thinking of way too many politicians. Everyone soon will be third world...AT BEST. The rest will be destitute. And in a country with the size and financial segragation as the US, poverty is going to take out places piece at a time.
wy69
So now anyone with anything, rich, middle or poor, has to give up their savings to fuel the co-op? This should be taken serious as the US is heading that way with the interaction of socialist, marxist, and false elite thinking of way too many politicians. Everyone soon will be third world...AT BEST. The rest will be destitute. And in a country with the size and financial segragation as the US, poverty is going to take out places piece at a time.
wy69
The DSA folks here are saying the same thing.
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