Savings and investment union
EU Commission wants to invest easier for everyone
Europeans save trillions – but do not create them. Because the money for investments in defense or the conversion of the economy is urgently needed, the EU Commission now wants to simplify.
Accounts for simpler investing and fewer obstacles to cross-border systems: The EU Commission wants to make the investment easier for everyone. In order for more citizens to invest their money, for example, instead of letting it on the savings book, the authority wants to strengthen financial education. By the end of September, she wants to get a strategy on the way “to enable citizens to enable citizens, to raise awareness and to increase their participation in the capital markets,” she said.
In addition, the authority wants to ensure more savings and investment accounts in the EU countries with new rules. In some states, there are already such easy -to -use and digitally accessible accounts, some of which are associated with low taxes, for example, as well as little to no provider change costs. According to the authority, other countries should follow these positive examples.
European capital markets so far fragmented
The projects are part of a new timetable for growing the European capital markets, i.e. the trading places for stocks and government bonds. With the strategy for the so-called savings and investment union, the EU Commission starts a new attempt. It has been working in the community of states for years – so far without great progress.
At the moment, each EU member state has its own capital market with its own rules – for example for the legal structure of companies, its own tax regulations and its own institutions such as stock exchanges and banks. The EU Commission wants to change this and thus eliminate obstacles.
EU needs money to change the economy and defense
The EU wants more small investors to invest in the local financial markets so that more capital is available for the green and digital change, innovations and for defense.
According to the Commission, there are around 10 trillion euros savings of citizens in the EU on the bank. The money is safe and easily accessible there, but do not throw little compared to investments in investment products. At the same time, the EU has a huge investment requirement – according to estimates, up to 800 billion is also necessary by 2030.
Commission wants to relocate supervision at EU level
According to the Commission’s plans, it should also be easier for large investors such as insurance companies to invest in shares. Tax obstacles for cross -border investments are to be dismantled. Furthermore, the Commission plans to submit proposals for a more uniform supervision of stock exchanges next year. Certain tasks should therefore be shifted by national to the EU level. The latter is controversial between the Member States.
dpa
Source: Stern
