Unlocking funds: A Swedish flag on a boat in Stockholm. The EU is hoping to unleash trillions of euros in household savings in order to lift wealth. — Reuters
Brussels: The European Union (EU) wants to unleash trillions of euros in household savings by encouraging people to invest in capital markets – and it sees Sweden as a template of how to do so.
Europe is expected to detail its plan this quarter to mobilise citizens’ funds sitting in bank deposits as part of its Savings and Investments Union.
