Nadia Calviño, President of the European Investment Bank, emphasizes the need for the European Union to implement the Savings and Investments Union to redirect savings towards investments in European businesses. This strategy aims to enhance prosperity and competitiveness against other global blocs. The letter outlines the importance of harmonizing financial regulations and addressing barriers to investment, particularly access to finance, which affects European companies more than their US counterparts. Despite support for a competitive EU landscape, legislative disagreements hinder progress. Teljes cikk (Euronews.com)