Klare Regeln, keine Garantie – so kann Stockers Staatsfonds funktionieren

Europe's banks require simpler rules, not more lenient regulations, amid geopolitical tensions and the need for a stronger Union. The international competition position of the European Union is not solely about economic growth; sovereignty is equally crucial. It's high time that Europe mobilizes its vast savings to finance its strategic priorities, such as transitioning to a climate-friendly economy, digitalization, and defense.

For Europe to better fund its priorities, its financial system must become more independent. Currently, markets for bonds, stocks, and venture capital in the United States are significantly larger than in the EU. The venture capital market, in particular, is essential for growth and innovation. Europe must improve in this area, and the savings and investment union is the way forward.

Given the banks' vital role in financing the European economy, the debate on enhancing the competitiveness has reached the EU banking sector. Some may be tempted to call for deregulation of banks, arguing that it would improve their competitive position and ability to promote economic growth.