A strategy to make Europeans more "economically literate" is being launched together with a "draft" of how savings and investment accounts can be built up.
The hope is that the multi-billion amounts that are currently frozen in regular savings accounts can instead be used to finance various investments in the business sector and thus benefit both savers and growth.
– For many Europeans, investments are seen as difficult to understand, unclear and only for those with large disposable assets, says Maria Luis Albuquerque, EU Commissioner for Financial Affairs and Investments, at a press conference in Brussels.
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