EU Commission President Ursula von der Leyen gave a talk.....then suggested that Europe's 10 trillion Euro in private household bank savings accounts.....should be in some way....directed toward supporting companies and the economy..
How? This was not really laid out in detail.
How she gave the talk? Well...aimed at French employers....where she described these savings accounts in some form/way.....as "idle".
The fact that the savings are 'loaned' in a way to the bank.....to loan toward companies/private individuals? Missed in reality....I assume.
Banks likely to accept the idea? I seriously doubt it.
Current savings rates (Germany)....for 3 to 6 months....around 4-percent. I should note....this is the promotional rate to get you in the front-door
Risk factor with her idea? That's the more bothersome thing to ponder.
Why can't the EU attract investment folks? Yeah....that's the key factor to this story. If they aren't engaging....there's forty-odd questions to ask.