The European Commission, led by Ursula von der Leyen, presented a plan to mobilize dormant bank deposits of eurozone households, estimated at nearly 10,000 billion euros. This Savings and Investments Union relies on incentives for banks and insurers, with no compulsory savings transfer or tax imposed on households. The stated goal is to generate 470 billion euros in additional investment by year-end. French households hold approximately 1,975 billion euros in bank deposits, representing 19.8% of the eurozone total, making France the second-largest saver in Europe behind Germany. The proposal mentions neither Bitcoin nor digital assets, though some MiCA architects are advocating for prioritizing tokenization of real-world assets.
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