The European Commission wants to boost Europe's economy by redirecting the savings of citizens across the EU towards investment to stay competitive on the global stage. #EuropeNews
In Portugal the majority of the country savings goes straight to Saving Deposits with around 2% returns and with inflation being around 2% or higher our savings returns are usually negative, the reason we do this is just for fear of loss in investments that comes from our education and so we are usually super conservative, not the same for the younger generation. it’s a good measure if done correctly, and the commissioner doing the measure is Portuguese so it knows this, still in my opinion she was a shitty finance minister.
In Portugal the majority of the country savings goes straight to Saving Deposits with around 2% returns and with inflation being around 2% or higher our savings returns are usually negative, the reason we do this is just for fear of loss in investments that comes from our education and so we are usually super conservative, not the same for the younger generation. it’s a good measure if done correctly, and the commissioner doing the measure is Portuguese so it knows this, still in my opinion she was a shitty finance minister.