The European Union faces budget shortfalls amid the proxy war against Russia and its aspirational “green agenda.” To meet the funding goals for these endeavors, the unelected European Commission has proposed using Europeans’ savings accounts via an initiative called the savings and investments union.
While there is currently no ongoing operation to confiscate Europeans’ bank account balances, the EU has proposed “tax incentives, new financial products, regulatory changes, and more integrated supervision to push a greater share of private savings towards European capital markets.”
The European Commission detailed the savings and investments union plans:
The savings and investments union is a horizontal enabler that will create a financing ecosystem to benefit investments in the EU’s strategic objectives. 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 defense 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 SIU can effectively connect savings and investment needs.
In other words, there is now a proposal for the unelected EU to set regulations which can transfer wealth from its citizens to its bureaucracy to fund its New World Order programs. FULL STORY at above link.