Gold under the mattress 🇪🇺🤑

At a moment when the EU needs to boost its economy, one of its bigger weapons is hidden in plain sight:

11.6 trillion euros are sleeping in bank accounts and bank reserves. 😴 This means that 1/3 of the total private wealth in the EU is not being used productively in the economy 🤯

To counter this waste the EU and Mario Draghi are pushing for a bold proposal: the creation of a true Capital Markets Union! 💰🤝

If implemented the reform could foster investment and turbocharge growth by:

• Providing tax incentives for investment in the EU 🇪🇺

• Channeling EU pension funds to productive investments in capital markets 🚀

• Loosening the rules in securitisation to free up banks’ balance sheets ⛓️

• Harmonising insolvency frameworks that make investor nervous 💸

• Completing the BankingUnion with further harmonisation 🏦

• Reducing red tape and fragmentation 🎈

• Making ESMA the direct securities supervisor in the EU 🧐

The aim is to allocate private capital to the best opportunities in the EU, so that a Spanish investor can invest seamlessly in a Polish startup, a French SME or German equities.

Then we might finally realise that we are stronger and richer than we think!

For more information you can listen to today’s podcast.

Thanks for tuning in 🚀💪🇪🇺