European Commission President von der Leyen: Currently, 10 trillion euros of household savings are deposited in bank deposits, and Europe has invested quite a bit of savings outside of mainland Europe. Europe must now mobilize these savings to serve local businesses, which is the goal of the Savings and Investment Alliance. We have put forward relevant proposals on securitization, banking and insurance investments, market integration, and regulation. The total package of measures is expected to release up to 470 billion euros of additional investment.

European Commission President von der Leyen: Currently, 10 trillion euros of household savings are deposited in bank deposits, and Europe has invested quite a bit of savings outside of mainland Europe. Europe must now mobilize these savings to serve local businesses, which is the goal of the Savings and Investment Alliance. We have put forward relevant proposals on securitization, banking and insurance investments, market integration, and regulation. The total package of measures is expected to release up to 470 billion euros of additional investment.