Von Der Leyen Tells Europeans Their €10 Trillion In Savings Is 'Lazy'
Brussels is pushing tax-advantaged accounts and its Savings and Investments Union to steer deposits into markets without any mandate.
- The Aug. 27, 2026 speech to France's La REF conference set the €10 trillion figure.
- Tax-advantaged accounts, not new law, are meant to funnel deposits toward stocks and bonds.
- The Savings and Investments Union framework stays voluntary; no rule forces money out of banks.
Why it matters: Governments that name private savings a problem rarely stop at asking nicely for long.
European Commission speech SPEECH/26/1765, von der Leyen at La REF 2026 (27 Aug 2026) ↗ · Sep 8, 20269/8/26