“If they did, the €10 trillion they have languishing in their bank accounts ― that’s more than a third the size of the U.S. economy ― could be invested in the stock market instead. That would give companies more cash. That would enable those companies to spend on projects for the public good. And all of that would boost Europe’s drowning economy.”
HAHAHAHAHAHA
10 trillion EURO for a fucking trickle down cash infusion? How the FUCK would giving the stock market more money benefor “projects for the public good” exactly? Free obesity diabetic medicine from Novo Nordic? Everyone gets a free hair wash from Loreal? Hermes gives cash to their investors?
Sounds like a smashing plan EU!!
Do it. I’m sick of investing in U.S stocks. I want to invest closer to home, in things that matter more to me.
this is a bad idea
I see a lot of negative comments here. What are the downsides for CMU?
Finally a good idea from EU
Even just a single pan-european stock exchange would be great. What’s the point of dozens of little ones? It just dilutes liquidity.
What would this really change?
I mean, anyone could register a brokerage account and buy stocks from any of the exchanges in the EU (maybe EEA).
There are big, cheap index ETF, and there are funds you can buy if you speculate on green energy. There are ETF for retirement with increasing ratio of bonds.
People keeps their money in banks not because they can’t invest it until retirement. Maybe because they don’t want to “take risks” (or at least the risks associated with stock market), or don’t have enough financial literacy, or thinks stock market is only the playground of the rich and scammers.
Talking about the single market…
Maybe it would be the time to think about an EU-wide laws and tax rules for companies, and an EU-wide tax-residency for people / employees. So companies don’t have to bother with 27 different rules and tax systems, and people can work for a company in different member state from home-office.
If they take this money, how will they backfill those pension and other funds they took?
Any official statement? i can’t find anything :/ and only two web sites are talking about this
Let’s do this!!🇪🇺🇪🇺🇪🇺
A common stock market is a good idea, but this naive idea of our top officials that the free market will magically solve everything is deeply infuriating. The EU could just enforce Europe-wide capital controls with the stroke of a pen if they don’t want people speculating on the US stock market…. .
But yeah let’s just destroy ourselves by this ridiculous adherence to free market dogma at all costs.. . No public investment thanks to the idiotic fiscal rules, no private investment because all profits are invested overseas and no exports because China stole all our technology… .
As an Italian, the idea of the government being able to tap into my savings to finance something is genuinely terrifying.
The idea of my savings going into some dumbass tech startup whose products are clearly the stupidest thing ever would be enough for me to set fire to a government building.
12 comments
“If they did, the €10 trillion they have languishing in their bank accounts ― that’s more than a third the size of the U.S. economy ― could be invested in the stock market instead. That would give companies more cash. That would enable those companies to spend on projects for the public good. And all of that would boost Europe’s drowning economy.”
HAHAHAHAHAHA
10 trillion EURO for a fucking trickle down cash infusion? How the FUCK would giving the stock market more money benefor “projects for the public good” exactly? Free obesity diabetic medicine from Novo Nordic? Everyone gets a free hair wash from Loreal? Hermes gives cash to their investors?
Sounds like a smashing plan EU!!
Do it. I’m sick of investing in U.S stocks. I want to invest closer to home, in things that matter more to me.
this is a bad idea
I see a lot of negative comments here. What are the downsides for CMU?
Finally a good idea from EU
Even just a single pan-european stock exchange would be great. What’s the point of dozens of little ones? It just dilutes liquidity.
What would this really change?
I mean, anyone could register a brokerage account and buy stocks from any of the exchanges in the EU (maybe EEA).
There are big, cheap index ETF, and there are funds you can buy if you speculate on green energy. There are ETF for retirement with increasing ratio of bonds.
People keeps their money in banks not because they can’t invest it until retirement. Maybe because they don’t want to “take risks” (or at least the risks associated with stock market), or don’t have enough financial literacy, or thinks stock market is only the playground of the rich and scammers.
Talking about the single market…
Maybe it would be the time to think about an EU-wide laws and tax rules for companies, and an EU-wide tax-residency for people / employees. So companies don’t have to bother with 27 different rules and tax systems, and people can work for a company in different member state from home-office.
If they take this money, how will they backfill those pension and other funds they took?
Any official statement? i can’t find anything :/ and only two web sites are talking about this
Let’s do this!!🇪🇺🇪🇺🇪🇺
A common stock market is a good idea, but this naive idea of our top officials that the free market will magically solve everything is deeply infuriating. The EU could just enforce Europe-wide capital controls with the stroke of a pen if they don’t want people speculating on the US stock market…. .
But yeah let’s just destroy ourselves by this ridiculous adherence to free market dogma at all costs.. . No public investment thanks to the idiotic fiscal rules, no private investment because all profits are invested overseas and no exports because China stole all our technology… .
As an Italian, the idea of the government being able to tap into my savings to finance something is genuinely terrifying.
The idea of my savings going into some dumbass tech startup whose products are clearly the stupidest thing ever would be enough for me to set fire to a government building.