Europe Says Its Savings Are Lazy, Nigeria Has a Bigger Problem

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Europe has a lot of money. Households keep around 10 billion euros in bank deposits and their savings rate reaches 14.7%, compared to just over 2.5% of American families.The problem is what happens next with that money.The president of the European Union, Ursula von der Leyen, has just asked for that money to stop being "lazy" and to be put at the service of European companies.The problem is that Brussels does not decide alone where that capital…

dialogos.com.cy

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By Chr. Christodoulou-Volou* The recent intervention of the President of the European Commission, Ursula von der Leyen, at the La REF conference of the French business association MEDEF in Paris, on 27 August, opened a particularly important debate on the future of the European economy. Her reference to approximately €10 trillion of European savings that remain largely dormant […] The €10 trillion of Europeans and Cyprus – Can European savings b…

nieuwrechts.nl

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According to Ursula von der Leyen, Europeans have too much money in their bank accounts. The President of the European Commission even calls a large part of this savings "lazy." This concerns approximately 10 trillion euros in household savings held in bank deposits. Brussels wants a larger share of this to flow into investments and European companies.