Keynote speech by Commissioner Albuquerque at the European Investment Bank (EIB) Group Forum: Investing in a more Sustainable and Secure Europe

European Commission -Speech [Check Against Delivery] Keynote speech by Commissioner Albuquerque at the European Investment Bank (EIB) Group Forum: Investing in a more Sustainable and Secure Europe Luxembourg, 5 March 2025 Good afternoon, ladies and gentlemen. I would like to thank the EIB for putting together such an interesting and timely event, and for inviting me to share my views on how the Savings and Investments Union can unlock financing for future growth. I am delighted to provide a few opening remarks before we get into the detailed discussion with this remarkable panel. We have representatives from the European Parliament, the European Stability Mechanism, and key players providing equity from both the public and private sectors. I am looking forward to a really interesting and meaningful discussion with you all. If we look to the current state of affairs in our European capital markets, it's painfully obvious they are operating far below their potential. And this is to the detriment of all Europeans. European savers have no easy way of getting more out of their hard-earned savings inside the EU. A significant part of their money sits in low yield deposit accounts or even cash, – amounting to 10 trillion euro at the end at 2023. Mobilising even a very small part of this amount can transform the investment landscape in the EU. There is a mismatch in Europe between the abundance of idle savings, and companies that need investment, including our European...