The European Commission has proposed a Savings and Investments Union (SIU) to better channel €10 trillion in bank deposits into strategic investments, addressing the issue of low returns on savings for European citizens. The initiative aims to mobilize private capital, improve investment conditions, and enhance the EU's competitiveness against global players. However, there are concerns regarding the sufficiency of private capital to meet investment needs, particularly in climate initiatives. Teljes cikk (Euronews.com)