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/dotBombAU Australia 13h ago edited 13h ago

It’s a fairly significant piece of the EU’s attempt to make its economy function more like one enormous capital market rather than 27 financial markets awkwardly standing next to each other pretending they’re integrated.

Imagine having €50,000 in savings in Ireland. Instead of that mostly sitting in an Irish bank, the financial system could make it much easier for you to put €10,000 into a diversified EU investment account.

That money might finance a Spanish renewable-energy company, German semiconductor factory, French defence company or Polish technology business.

Multiply that across roughly 450 million Europeans and suddenly Europe has a very large domestic pool of investment capital.

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u/honkballs 10h ago

I mean, it's already incredibly easy to buy a European ETF. People aren't buying US stocks or funds because it's easier than buying a French or European one.

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u/No-Significance5659 ES in DE 13h ago

Sounds like great news, then!

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u/justcausingtrouble 5h ago

That already exists and has for a long time. - e.g., see VEUR, VWCG, or VGK.