The European Commission will announce its plan for Wednesday 19 March mobilize the 10 thousand billion euros stops on the current accounts of the banks of the member countries. A reform of financial markets, banks and insurance companies that could change the way citizens manage their savings.
THE’Italy it could be one of the More impact countries from this measure. Nostrane families have a very accentuated saving trend, which has increased over the past few years. A substantial part of this remaining money, however, stops on current accounts.
The EU plan to move private savings
Ursula von der Leyen, president of the European Commission, will present the plan for the European saving reform on Wednesday 19 March. The goal is to move 10 thousand billion euros stopped on current accounts. It is the 70% of the savings At the top of Europe, currently blocked by a chopped financial market.
The package will be made up of 19 different sizes and will be inspired a lot to model Americanwith the aim of making the European banking and financial system resemble that of a single nation.
Because the EU wants to change the savings
It is not the first time that the European Commission tries this reform. The decisive push, however, came from the report on the competitiveness of Mario Draghi. The document has set the minimum figure of investments necessary to make Europe again at the rest of the giants of the world economy: 800 billion euros per year.
To do this: “The Commission will adopt measures within the third quarter of 2025 to help member states to promote the adoption of savings and investment accounts based on best existing practices. These measures will be accompanied by a recommendation on the tax treatment of savings and investment accounts “explains the document in which the plan is sketched.
The new capital market
The first goal to be achieved is that ofBanking union. European capitals must be able to move freely within the EU borders, to allow investments in all countries without limits of nationality on the origin of the capital or on the companies that will receive funds. An operation ready to start right away.
“In the second quarter of 2025 the Commission will establish a channel dedicated to all market operators to report the obstacles encountered and intensify the executive action to accelerate their removal”.
The impact on Italian savers
Among the proposed reforms there is also a series of initiatives aimed at improving the culture of managed savings of European citizens. A measure that could have a Very strong impact on Italy. Our country has an annual private saving flow of more than 400 billion euros.
The wealth of Italians is more than 5,216 billion euros, 552 billion more than in 2019. 30% of this money is on current accounts. This means that 15% of funds that the EU wants to mobilize are found in Italy. The culture of managed savings, although growing in our country, is still very limited.
The push to the investment and management of private capital that could come from this reform has the potential to mark a change in the way Italians save.
