Commission unveils savings and investments union strategy to enhance financial opportunities for EU citizens and businesses

The European Commission has adopted its strategy for the savings and investments union (SIU), a key initiative to improve the way the EU financial system channels savings to productive investments. It seeks to offer EU citizens broader access to capital markets and better financing options for companies. This can foster citizens’ wealth, while boosting EU economic growth and competitiveness.

The savings and investments union is a horizontal enabler that will create a financing ecosystem to benefit investments in the EU’s strategic objectives. As highlighted in the competitiveness compass, Europe’s capacity to address current challenges – such as climate change, rapid technological shifts and new geopolitical dynamics – demands significant investments, which the Draghi report estimates at an additional €750‑800 billion per year by 2030, and which is further impacted by increased defence needs. Much of these additional investment needs relate to small and medium sized enterprises (SMEs) and innovative companies, which cannot rely solely on bank financing. By developing integrated capital markets – alongside an integrated banking system – the savings and investments union can effectively connect savings and investment needs.

• Press release
• Frequently asked questions
• Communication on the savings and investments union
• Factsheet: The savings and investments union - Connecting savings and productive investments
• Watch the recoirding of the press conference