- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
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After page 280, the Dragi report shows why the EU is doing this. EU citizens don’t invest enough to keep the EU innovative.
https://commission.europa.eu/topics/eu-competitiveness/draghi-report_en
Part B, in-depth
The failure of high EU savings to flow into productive investments in Europe comes down to less efficient financial intermediation.
So… they want to turn the european jobmarket into the same hellscape that is the US jobmarket?
Take another look, this is a good thing.
It’s not good that Wall St (and therefore typically American investors with American values) has such a huge amount of influence today. This is hopefully a correction for that.
You might know more about this than me, but how does make capital available to small businesses looking to grow turn the EU job market into a hellscape? Care to elaborate?
It sounded like they want to deregulate the market in order to entice investors to invest more. It could be a good thing, but I don’t trust those politicians to craft rules that favor anyone but the rich.
The idea is to have a more unified EU wide financial market with an EU wide financial oversight authority. Investors generally want a strong market oversight, as it makes sure that the companies are not lying to them.
regulation of investment products and cryptocurrency
…and AI, right? RIGHT!!!
Hopefully, but that’s not likely to be (directly) handled by finance regulations
Well I think there’s a lot of financial irregularities to investigate.