r/europe • u/paneuropeanism_ Europe • 13h ago

News Von der Leyen: €300 billion in European savings flown overseas every year, primarily to the US, will be invested in Europe from now on. All 27 EU states agreed to establish the S&I Union, a step toward the full Capital Market Union

https://streamable.com/4h43qk
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u/Ok-Price-1157 13h ago

If I got it right, you have the financial market in the US, big, lots of money. The reason of that is because it is a market that covers all of the US.

On the other side, in Europe, each financial market is tied to its country, there is no global European financial market. Because of this, many European companies prefer registering themselves in the US market, because it is bigger and more money involved. Hence Europe loses all that money because we are not on the same level.

They are trying to correct that by creating this European financial market. It will make European companies more competitive and will keep the money in Europe. At least that's the basic idea

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u/No-Significance5659 ES in DE 13h ago

Thanks! I sometimes feel so illiterate when it comes to finances. Thanks to you and other comments, I now fully understand what this is about and I like the news.