DIGITALEUROPE’s reaction to the European Commission’s the Savings and Investments Union

Today, the European Commission presented its vision for a Savings and Investments Union, a positive move towards stronger EU capital markets and increased investment opportunities for businesses across Europe. 

Cecilia Bonefeld-Dahl, Director-General of DIGITALEUROPE, said: 

“Europe faces a serious investment challenge. Mario Draghi recently pointed out that we need around €800 billion each year to stay competitive. Yet, about €300 billion in European savings are invested outside the EU, mainly to the US. If we’re serious about funding innovation, digital transformation, and defence, it’s time for Europe to think bigger. We should unleash the scale of our capital markets and break down old barriers.” 

DIGITALEUROPE particularly welcomes the Commission’s commitment to boosting venture capital investments to support innovative technologies.  

We also strongly support the Commission’s initiatives such as the TechEU investment programme and the upcoming European Tech Champions Initiative 2.0, led by the European Investment Bank. These programmes will help attract more private investment, giving European tech companies the support they need to grow and succeed internationally. 

DIGITALEUROPE looks forward to working closely with the European Commission, Parliament, and Member States to turn these plans into action, reinforcing Europe’s position as a global leader in technology and innovation.