Enough is enough. Brussels just called European household savings lazy.

Last Thursday in Paris, Commission President Ursula von der Leyen told French business leaders that Europe has savings — “unfortunately,” she said in French, “cette épargne est paresseuse.” Lazy.

She pointed to roughly €10 trillion sitting in bank accounts, and to the large share of European savings invested outside the continent. Then came the punchline: Europe must put that money to work for its companies.

The official English version of the same speech softens it to “sitting idle.” Same idea. Same appetite for other people’s cash.

If the EU stopped micromanaging Europe through regulation, European companies might actually have a chance to grow. Then Europeans might want to invest in them, instead of sending money abroad to find firms that are still allowed to build something. Brussels does not need another layer of rules to keep European money in Europe. It needs companies worth backing.

Our Little Man came home today excited after his first real day at university. Then he told us he is thinking about doing the last three years of his five-year degree in America.

I really hope he does. Then we can leave this continent before it is too late. Our savings are already on the US stock market, and I have no intention of letting Brussels steer them into European companies just because the Commission suddenly decided household money is “lazy.”

I have said before that Sweden is marinated in socialism. Now it looks like the whole continent got dipped in the same jar.

If you have already moved money, if you are still waiting for Brussels to make Europe investable, or if your kid is looking at the same exit ramp — say so below.

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