European Commission President Ursula von der Leyen stated that currently, there are €10 trillion in household savings idling in bank deposits, and a considerable portion of European savings is flowing outside the continent. She emphasized that Europe must mobilize these savings to support the development of domestic enterprises, which is precisely the aim of establishing the Capital Markets Union. Relevant proposals have already been drafted regarding securitization, investment in the banking a

The President of the European Commission, Ursula von der Leyen, stated that currently there are 10 trillion euros in household savings remaining in bank deposits, while a significant amount of Europe's savings is also flowing outside the continent. At present, Europe must activate these savings to support the development of local businesses, which is exactly the goal of establishing the Savings and Investment Union. Relevant parties have already put forward proposals concerning securitisation, investment in the banking and insurance sectors, market integration, and corresponding regulation. Altogether, this set of measures is expected to unlock up to 470 billion euros in new investment, injecting more financial impetus into the development of European industries and the stimulation of market vitality.