The SIU project was highlighted in EC President Ursula von der Leyen’s 2024-2029 Political Guidelines. It has seen significant support from the ECB Governing Council, which stressed the need to accelerate the SIU project.
It is said that the EC wants to establish the SIU to create a single market for financing in the European Union (“EU”), with no internal national borders. The initiative is an extension of the Capital Markets Union (“CMU”) and seeks to harmonise European legislation and promote trans-European investment, focusing on leveraging Europe’s vast private savings to support broader objectives such as “helping people save more effectively, fostering capital for innovation, unlocking digital finance, ensuring the competitiveness of the financial sector, and harnessing sustainable finance,” according to Impact Europe.
Have citizens of EU countries given von der Leyen permission to use their savings this way? No.
As the Italian outlet Irish Dentist noted, the EC, not happy with collapsing entire production sectors, starting with the automotive industry, with their “energy transition,” von der Leyen and her gang want to take money from families.
“It goes without saying that those who have reason to worry are Italian, because unlike Germans and French, but also of Spaniards and Swedes, we are expected and accustomed to putting aside the money for the future. While others indebted, we save,” Irish Dentist wrote. “Where would all this money end? Well, largely, they would serve to support the conversion of the German automotive industry.”...<<<Read More>>>....
