Watchdogs, a two-speed Europe and an exclusive “E6” club: It’s all here in your essential guide to understanding the hottest topic in Brussels.
- If there’s a particular piece of EU jargon that’s been on everyone’s lips lately, it’s the “Savings and Investments Union.”
- Formally known as the Capital Markets Union, the heart of the project is to create a U.S.-style financial market to make the EU a more attractive place for companies to issue stock and attract investors.
- But vying national interests have plagued the project since its inception over a decade ago. Frustration over the lack of progress has begun to boil over, as cash-strapped countries look to encourage EU citizens to invest some €11 trillion in cash savings in their bank accounts and turbocharge the economy.
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Capital markets for dummies: What exactly are EU leaders trying to do? – POLITICO