{"id":428275,"date":"2025-05-29T15:19:57","date_gmt":"2025-05-29T13:19:57","guid":{"rendered":"https:\/\/www.eunews.it\/2025\/05\/29\/connact-unione-risparmi-investimenti-ue\/"},"modified":"2025-05-29T17:16:19","modified_gmt":"2025-05-29T15:16:19","slug":"connact-10-trillion-in-bank-accounts-of-eu-citizens-to-invest-in-risk-accept-the-idea-of-loss","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2025\/05\/29\/connact-10-trillion-in-bank-accounts-of-eu-citizens-to-invest-in-risk-accept-the-idea-of-loss\/","title":{"rendered":"Connact, 10 trillion in bank accounts of EU citizens: ‘To invest in risk, accept the idea of loss’"},"content":{"rendered":"

Brussels – The Savings and Investment Union, which\u00a0is expected<\/a>\u00a0to be proposed by\u00a0the end of 2025, will have to address\u00a0a dilemma that has long been troubling Brussels policymakers: “How to convince European savers to invest in European companies?”\u00a0Incentives, European guarantees, a single supervision for all member states<\/strong>: ideas that the Commission has put on the table, but which risk being rendered meaningless if the “zero risk” culture that became dominant after the 2008 and 2012 crises does not change.<\/p>\n

We are not talking about pocket money, but 10 trillion euros sitting idle in citizens’ bank accounts,<\/strong> capital that could provide\u00a0the\u00a0boost the EU is desperately looking for to relaunch the competitiveness of the old continent. Representatives of European institutions and
\nindustry professionals discussed how to make this money circulate\u00a0at the Connact Finance & Insurance event <\/strong>entitled “The EU Plan to Invest Europeans’ Savings in European Companies.”<\/a><\/p>\n

The ball is still in the court of the\u00a0Commission, which has opened a public consultation<\/a> – until June 10 – to receive valid input for drafting the legislative proposal. In particular, the file on the table of the EU Commissioner for Financial Services, Maria Lu\u00eds Albuquerque. Lauro Panella<\/strong>, a member of the Cabinet of the Portuguese Commissioner, starts from a fundamental premise in the financial world: “If we want to accept the idea that this continent invests in risk, we must accept the idea of a loss.<\/strong>” A loss “that cannot be passed onto\u00a0the public budget.”<\/p>\n

\n

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Lauro Panella, member of the Cabinet of European Commissioner Maria Lu\u00eds Albuquerque<\/figcaption><\/figure><\/figure>\n

European financial culture is different from the one overseas: “We must seek a European way,<\/strong> not just take the US as an example<\/strong>,” Panella argues, where\u00a0risk is understood\u00a0very differently and permeates the everyday life of citizens. Suffice it to say, Panella recalls, “that we live on the only continent on the planet with public pensions, public healthcare, and public schools.”<\/p>\n

As Giovanni Crosetto<\/strong>, MEP for Fratelli d’Italia, points out, “a cultural shift is needed”\u00a0to overcome the fear of risk, which\u00a0must begin with “financial education starting in schools<\/strong>.” From a regulatory point of view, we must put the last 15 years of zero risk for banks, intermediaries, and investors behind us.<\/p>\n

\n

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Giovanni Crosetto, eurodeputato FdI<\/figcaption><\/figure><\/figure>\n

However, even when they do decide to invest in companies, Europeans invest only 15 percent of their total in Europe<\/strong>, and 85 percent abroad.\u00a0Especially in the United States, where, instead, 75 percent of Americans invest at home since, according to Panella, American companies are “more productive.”\u00a0Five Star Movement (M5S) MEP Gaetano Pedull\u00e0<\/strong>\u00a0adds that\u00a0“investors go where there are higher returns” and “investing there yields greater remuneration.”<\/p>\n

For the M5S MEP, however, the starting assumption is another: “People in Italy and Europe\u00a0no longer save because general working and economic conditions\u00a0do not allow it,” he argues. Therefore, to increase the share of investment in European companies we first have to\u00a0“broaden the base of savers.”\u00a0<\/strong>The investment issue is inevitably\u00a0linked to the Union’s multi-annual budget. In the pipeline is the one for 2028 to 2035: Giuseppe Lupo<\/strong>, MEP for the Democratic Party, warns that “from 2028, we have to start reimbursing the interests of the Next Generation EU<\/strong>.” A heavy burden that will drain\u00a0“between 25 and 30 billion a year” from the budget unless substantial new own resources are introduced.<\/p>\n

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Gaetano Pedull\u00e0, M5S MEP<\/figcaption><\/figure><\/figure>\n

The other big topic is the harmonization of rules among the 27 member states and the possibility of making ESMA, the European Securities and Markets Authority, an actual supervisory body along the lines of the US SEC. “Are we willing to lose national sovereignty<\/strong>?” asks Pedull\u00e0. The question is political, admits Crosetto, according to whom “we need to touch this issue in a proper and sensitive way.”<\/p>\n

\u00a0They know it well at the Berlaymont (the headquarters of the European Commission). “Building a common supervision and a common European stock exchange will not be easy,” Panella confirms, emphasizing that the EU executive has “only the power of proposal.” Then, the ball will pass to the co-legislators, the Council of the European Union, and the European Parliament, who must\u00a0make the tough choices. In the immediate future, however, the Commission has a card to play to bring the member states into line: the recommendations for the European semester<\/strong>, scheduled for June 4, when\u00a0Brussels will certainly try to steer the capitals’ reforms towards the objectives of the future Savings and Investment Union,\u00a0Panella said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Representatives of European institutions and financial sector professionals at the Finance & Insurance event entitled “The EU Plan to Invest Europeans’ Savings in European Companies.” The proposal for the Savings and Investment Union is expected by the end of 2025<\/p>\n","protected":false},"author":7527,"featured_media":428242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[30802],"tags":[29914,30882],"class_list":["post-428275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-insurance","tag-connact-en","tag-unione-risparmi-e-investimenti-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/428275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/7527"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=428275"}],"version-history":[{"count":5,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/428275\/revisions"}],"predecessor-version":[{"id":428300,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/428275\/revisions\/428300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/428242"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=428275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=428275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=428275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}