Politics
Savings and investments union: better financial opportunities for EU citizens and businesses
The Commission has adopted a new strategy to channel savings into productive investments. It seeks to increase EU citizens’ participation in capital markets with broader investment options and improved financial literacy, fostering their wealth and boosting the EU economy.
About 70% of household savings in the EU – worth €10 trillion – are held as bank deposits. They are safe and easy to access but usually earn less money than investments in capital markets. The new strategy can support EU citizens in building their household wealth and saving better for the future. Thanks to the savings and investments union, citizens who wish to invest will have better opportunities to invest in capital markets. This means having easy, simple and low-cost access to a wide variety of investment opportunities.
More investments in capital markets support the economy by enabling EU companies to grow and thrive. This can create better jobs with higher salaries for workers, and drive investment and growth across all economic sectors.
The strategy also aims at enhancing the integration and competitiveness of the EU banking sector, including through the deepening of the banking union.
EU institutions, EU countries, and all key stakeholders will need to work together to achieve the savings and investments union. The strategy will be further developed, and measures will be taken in specific areas to boost competitiveness in the EU economy, focusing first on the most impactful actions in 2025.
The EU must unlock its potential to achieve its goals linked to competitiveness, security, and digital and green transitions. By developing an integrated banking system and capital markets, the savings and investments union can bridge the gap between savings and investment needs.
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Competitiveness
Press release: savings and investments union
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Factsheet: savings and investments union
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The European Commission has announced the results of the 2024 Marie Skłodowska-Curie Actions (MSCA) Doctoral Networks call.
The Commission will fund a total of 149 excellent doctoral programmes with €608.6 million to train over 1800 doctoral candidates in and outside academia.
€536.9 million will be awarded to 133 standard Doctoral programmes, to train PhD candidates and develop their skills.
Funding includes also €26 million for 8 Industrial Doctoral programmes to train PhD candidates and develop their skills outside academia, including in industry and business. Doctoral candidates will also benefit from joint industry-academia supervision.
An additional €33 million will be allocated to 8 Joint Doctoral programmes, which promote joint selection, training and supervision leading to joint or multiple doctoral degrees.
The European Research Executive Agency (REA) received 1,417 applications for this call. This means a success rate of 10.6 %.
Close collaboration beyond academia
These doctoral programmes are implemented by international partnerships, involving 9335 organisations in 130 countries in the EU, Horizon Europe associated countries and beyond. 4725 of these are private for-profit entities.
Selected projects are coordinated by organisations in 18 countries.
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© FRVS+MPCP 2022. The European Times® News is registered as an EU Trademark. All rights reserved. The European Times® and the logo of The European Times® are EU trademarks registered by FRVS+MPCP.
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About Us
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DISCLAIMER OPINIONS: The opinions of the authors or reproduced in the articles are the ones of those stating them and it is their own responsibility. Should you find any incorrections you can always contact the newsdesk to seek a correction or right of replay.
DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.
DISCLAIMER PHOTOS: We mostly used photos images that are readily available online, from free sources, or from the people promoting the news. If by any chance it happens that we have used one of your copyrighted photos, please do not hesitate to contact us and we will take it down without question. We do not make profits as this is a not for profit project to give voice to the voiceless while giving them a platform to be informed also of general news, and it is completely free.
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